Steel Grove Capital Advisors LLC Buys New Stake in Distillate U.S. Fundamental Stability & Value ETF $DSTL

Steel Grove Capital Advisors LLC bought a new stake in Distillate U.S. Fundamental Stability & Value ETF (NYSEARCA:DSTL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 629,715 shares of the company’s stock, valued at approximately $40,289,000. Distillate U.S. Fundamental Stability & Value ETF accounts for approximately 2.6% of Steel Grove Capital Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Steel Grove Capital Advisors LLC owned 2.04% of Distillate U.S. Fundamental Stability & Value ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rothschild Wealth LLC acquired a new position in Distillate U.S. Fundamental Stability & Value ETF during the fourth quarter worth $8,800,000. Park National Corp OH acquired a new stake in shares of Distillate U.S. Fundamental Stability & Value ETF in the third quarter valued at $489,000. Compass Financial Management LLC acquired a new stake in shares of Distillate U.S. Fundamental Stability & Value ETF in the second quarter valued at $107,000. Finally, Team Financial Group LLC raised its holdings in shares of Distillate U.S. Fundamental Stability & Value ETF by 53.6% in the 1st quarter. Team Financial Group LLC now owns 2,729 shares of the company’s stock valued at $158,000 after buying an additional 952 shares during the period.

Distillate U.S. Fundamental Stability & Value ETF Price Performance

Shares of DSTL stock traded up $0.21 on Tuesday, hitting $65.86. The stock had a trading volume of 29,550 shares, compared to its average volume of 94,519. The company’s 50 day moving average price is $67.26 and its 200-day moving average price is $62.64. Distillate U.S. Fundamental Stability & Value ETF has a 1 year low of $56.08 and a 1 year high of $70.33. The firm has a market capitalization of $2.04 billion, a P/E ratio of 16.69 and a beta of 0.85.

About Distillate U.S. Fundamental Stability & Value ETF

The Distillate U.S. Fundamental Stability & Value ETF (DSTL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap stocks that score favourably for financial indebtedness, fundamental stability, and valuation. The portfolio is equally weighted, modified by free cash flow. DSTL was launched on Oct 24, 2018 and is managed by Distillate.