Eagle Capital Select Equity ETF (NYSEARCA:EAGL) Sees Unusually-High Trading Volume – What’s Next?

Eagle Capital Select Equity ETF (NYSEARCA:EAGL) shares saw an uptick in trading volume on Monday . 1,661,546 shares changed hands during trading, an increase of 401% from the previous session’s volume of 331,921 shares.The stock last traded at $32.82 and had previously closed at $32.42.

Eagle Capital Select Equity ETF Price Performance

The stock’s fifty day simple moving average is $32.44 and its two-hundred day simple moving average is $32.21. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 19.27 and a beta of 0.76.

Institutional Trading of Eagle Capital Select Equity ETF

A number of large investors have recently modified their holdings of the company. Greenspring Advisors LLC bought a new position in Eagle Capital Select Equity ETF in the 4th quarter valued at about $11,415,000. Glenmede Investment Management LP grew its position in Eagle Capital Select Equity ETF by 42.4% in the 3rd quarter. Glenmede Investment Management LP now owns 1,411,288 shares of the company’s stock valued at $44,117,000 after buying an additional 420,230 shares in the last quarter. Sendero Wealth Management LLC boosted its position in shares of Eagle Capital Select Equity ETF by 28.6% during the 4th quarter. Sendero Wealth Management LLC now owns 2,349,314 shares of the company’s stock valued at $76,259,000 after purchasing an additional 522,252 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Eagle Capital Select Equity ETF by 9.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,267,812 shares of the company’s stock valued at $39,632,000 after purchasing an additional 113,260 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Eagle Capital Select Equity ETF during the 3rd quarter valued at about $55,420,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

About Eagle Capital Select Equity ETF

The Eagle Capital Select Equity ETF (EAGL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in value stocks from around the globe, selected based on the advisers estimate of long-term intrinsic value. The ETF converted from a separately managed account. EAGL was launched on Mar 21, 2024 and is issued by Eagle.