Davis Select U.S. Equity ETF (BATS:DUSA) Reaches New 1-Year High – Here’s Why

Davis Select U.S. Equity ETF (BATS:DUSA)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $57.01 and last traded at $57.00, with a volume of 29696 shares changing hands. The stock had previously closed at $56.87.

Davis Select U.S. Equity ETF Trading Down 0.8%

The company has a market capitalization of $895.54 million, a price-to-earnings ratio of 17.61 and a beta of 0.97. The firm’s 50 day simple moving average is $55.90 and its 200-day simple moving average is $53.40.

Institutional Trading of Davis Select U.S. Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in DUSA. Morgan Stanley raised its holdings in Davis Select U.S. Equity ETF by 3.9% during the fourth quarter. Morgan Stanley now owns 4,312,238 shares of the company’s stock worth $220,485,000 after purchasing an additional 163,801 shares in the last quarter. Bank of America Corp DE boosted its holdings in Davis Select U.S. Equity ETF by 6.1% in the 1st quarter. Bank of America Corp DE now owns 1,631,655 shares of the company’s stock valued at $82,790,000 after purchasing an additional 94,125 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in Davis Select U.S. Equity ETF by 2.1% in the 4th quarter. Kestra Advisory Services LLC now owns 921,862 shares of the company’s stock valued at $47,135,000 after purchasing an additional 19,364 shares in the last quarter. UBS Group AG increased its position in Davis Select U.S. Equity ETF by 3.0% during the 4th quarter. UBS Group AG now owns 564,410 shares of the company’s stock worth $28,858,000 after purchasing an additional 16,521 shares during the period. Finally, Next Level Private LLC increased its position in Davis Select U.S. Equity ETF by 16.7% during the 1st quarter. Next Level Private LLC now owns 435,158 shares of the company’s stock worth $22,080,000 after purchasing an additional 62,218 shares during the period.

About Davis Select U.S. Equity ETF

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.