MGB Wealth Management LLC Makes New Investment in Davis Select Worldwide ETF (BATS:DWLD)

MGB Wealth Management LLC acquired a new position in Davis Select Worldwide ETF (BATS:DWLD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,438 shares of the company’s stock, valued at approximately $234,000.

Other institutional investors have also recently made changes to their positions in the company. Heritage Wealth Management Inc. increased its holdings in Davis Select Worldwide ETF by 4.6% during the third quarter. Heritage Wealth Management Inc. now owns 20,570 shares of the company’s stock valued at $780,000 after buying an additional 900 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Davis Select Worldwide ETF by 139.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,559 shares of the company’s stock valued at $59,000 after acquiring an additional 908 shares during the period. First Horizon Advisors Inc. purchased a new stake in shares of Davis Select Worldwide ETF in the 3rd quarter worth $129,000. Cetera Investment Advisers raised its holdings in Davis Select Worldwide ETF by 19.5% in the 2nd quarter. Cetera Investment Advisers now owns 34,204 shares of the company’s stock worth $1,141,000 after purchasing an additional 5,592 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in Davis Select Worldwide ETF during the fourth quarter valued at $207,000.

Davis Select Worldwide ETF Stock Up 7.3 %

BATS:DWLD opened at $38.53 on Thursday. The firm’s 50-day moving average is $37.37 and its 200-day moving average is $36.65. The company has a market capitalization of $356.37 million, a price-to-earnings ratio of 14.94 and a beta of 1.12.

Davis Select Worldwide ETF Company Profile

The Davis Select Worldwide ETF (DWLD) is an exchange-traded fund that is based on the MSCI AWCI index. The fund is an actively-managed portfolio of global equities. The fund seeks long-term capital growth. DWLD was launched on Jan 11, 2017 and is managed by Davis.