Davis Select U.S. Equity ETF (BATS:DUSA) Sets New 52-Week High – What’s Next?

Davis Select U.S. Equity ETF (BATS:DUSAGet Free Report) reached 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 changing hands. The stock had previously closed at $58.15.

Davis Select U.S. Equity ETF Stock Up 0.4%

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

Hedge Funds Weigh In On Davis Select U.S. Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Next Level Private LLC raised its holdings in Davis Select U.S. Equity ETF by 6.1% in the 2nd quarter. Next Level Private LLC now owns 461,878 shares of the company’s stock valued at $25,948,000 after acquiring an additional 26,720 shares in the last quarter. Melone Private Wealth LLC grew its holdings in shares of Davis Select U.S. Equity ETF by 3.2% during the 2nd quarter. Melone Private Wealth LLC now owns 327,833 shares of the company’s stock worth $18,418,000 after purchasing an additional 10,250 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Davis Select U.S. Equity ETF during the 1st quarter worth $289,000. Bank of America Corp DE increased its position in shares of Davis Select U.S. Equity ETF by 6.1% in the first quarter. Bank of America Corp DE now owns 1,631,655 shares of the company’s stock worth $82,790,000 after purchasing an additional 94,125 shares during the period. Finally, Royal Bank of Canada increased its position in shares of Davis Select U.S. Equity ETF by 16.3% in the first quarter. Royal Bank of Canada now owns 79,291 shares of the company’s stock worth $4,023,000 after purchasing an additional 11,115 shares during the period.

Davis Select U.S. Equity ETF Company Profile

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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.

Further Reading

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