Davis Select U.S. Equity ETF (BATS:DUSA) Sets New 1-Year High – Time to Buy?

by · The Markets Daily

Davis Select U.S. Equity ETF (BATS:DUSA – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $58.31 and last traded at $58.28, with a volume of 38435 shares. The stock had previously closed at $58.15.

Davis Select U.S. Equity ETF Stock Performance

The firm’s fifty day simple moving average is $56.51 and its 200 day simple moving average is $54.14. The stock has a market capitalization of $922.25 million, a P/E ratio of 17.61 and a beta of 0.97.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley grew its holdings in shares of Davis Select U.S. Equity ETF by 3.9% during the 4th quarter. Morgan Stanley now owns 4,312,238 shares of the company’s stock valued at $220,485,000 after purchasing an additional 163,801 shares during the last quarter. Bank of America Corp DE raised its position in shares of Davis Select U.S. Equity ETF by 6.1% during the first quarter. Bank of America Corp DE now owns 1,631,655 shares of the company’s stock worth $82,790,000 after acquiring an additional 94,125 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in Davis Select U.S. Equity ETF by 2.1% in the fourth quarter. Kestra Advisory Services LLC now owns 921,862 shares of the company’s stock valued at $47,135,000 after acquiring an additional 19,364 shares during the last quarter. UBS Group AG boosted its holdings in Davis Select U.S. Equity ETF by 3.0% in the fourth quarter. UBS Group AG now owns 564,410 shares of the company’s stock valued at $28,858,000 after acquiring an additional 16,521 shares during the last quarter. Finally, Next Level Private LLC increased its position in Davis Select U.S. Equity ETF by 6.1% during the 2nd quarter. Next Level Private LLC now owns 461,878 shares of the company’s stock valued at $25,948,000 after purchasing an additional 26,720 shares during the period.

About Davis Select U.S. Equity ETF

(Get Free Report)

The Davis Select U.S. Equity ETF (DUSA) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed portfolio of US large-cap stocks. The fund seeks long-term capital growth and capital preservation. DUSA was launched on Jan 11, 2017 and is managed by Davis.

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