Davis Select U.S. Equity ETF (BATS:DUSA) Sets New 52-Week High – Still a Buy?

Davis Select U.S. Equity ETF (BATS:DUSA)’s share price hit a new 52-week high on Monday . The company traded as high as $57.63 and last traded at $57.63, with a volume of 987 shares. The stock had previously closed at $57.42.

Davis Select U.S. Equity ETF Price Performance

The stock has a market capitalization of $908.50 million, a price-to-earnings ratio of 17.61 and a beta of 0.97. The company has a 50-day simple moving average of $55.99 and a two-hundred day simple moving average of $53.49.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Morgan Stanley grew its stake in shares of Davis Select U.S. Equity ETF by 3.9% in the 4th 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 during the last quarter. Bank of America Corp DE lifted its stake in 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 valued at $82,790,000 after purchasing 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% during the fourth quarter. Kestra Advisory Services LLC now owns 921,862 shares of the company’s stock worth $47,135,000 after buying an additional 19,364 shares in the last quarter. UBS Group AG boosted its holdings in Davis Select U.S. Equity ETF by 3.0% during the fourth quarter. UBS Group AG now owns 564,410 shares of the company’s stock worth $28,858,000 after buying an additional 16,521 shares in the last quarter. Finally, Next Level Private LLC grew its position in Davis Select U.S. Equity ETF by 6.1% in the second quarter. Next Level Private LLC now owns 461,878 shares of the company’s stock worth $25,948,000 after buying an additional 26,720 shares during the last quarter.

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.