Davis Select U.S. Equity ETF (BATS:DUSA) Hits New 12-Month High – Still a Buy?

Davis Select U.S. Equity ETF (BATS:DUSA) reached a new 52-week high during trading on Monday . The stock traded as high as $56.64 and last traded at $56.59, with a volume of 1517 shares. The stock had previously closed at $55.56.

Davis Select U.S. Equity ETF Trading Up 1.1%

The firm’s 50-day moving average price is $54.76 and its 200 day moving average price is $52.69. The company has a market cap of $897.28 million, a price-to-earnings ratio of 17.61 and a beta of 0.97.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. bought a new position in Davis Select U.S. Equity ETF in the 4th quarter valued at $41,000. Advisory Services Network LLC purchased a new position in Davis Select U.S. Equity ETF in the third quarter valued at about $44,000. Birchwood Financial Partners Inc. bought a new position in shares of Davis Select U.S. Equity ETF during the 4th quarter valued at approximately $111,000. Fifth Third Bancorp purchased a new stake in shares of Davis Select U.S. Equity ETF during the 1st quarter worth approximately $216,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Davis Select U.S. Equity ETF during the 4th quarter worth approximately $246,000.

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.