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

Shares of Eagle Capital Select Equity ETF (NYSEARCA:EAGL) saw strong trading volume on Thursday. Approximately 1,325,625 shares changed hands during mid-day trading, an increase of 319% from the previous session’s volume of 316,585 shares. The stock last traded at $33.8220 and had previously closed at $34.03.

Eagle Capital Select Equity ETF Stock Performance

The company’s 50-day moving average is $34.88 and its 200-day moving average is $33.14. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 19.27 and a beta of 0.76.

Hedge Funds Weigh In On Eagle Capital Select Equity ETF

A number of institutional investors have recently modified their holdings of EAGL. Brown Advisory Inc. grew its stake in shares of Eagle Capital Select Equity ETF by 50.4% during the fourth quarter. Brown Advisory Inc. now owns 6,772,608 shares of the company’s stock valued at $219,839,000 after purchasing an additional 2,268,844 shares during the last quarter. Glenmede Trust Co. NA boosted its position in Eagle Capital Select Equity ETF by 10.9% in the 1st quarter. Glenmede Trust Co. NA now owns 1,942,324 shares of the company’s stock valued at $59,085,000 after buying an additional 191,024 shares during the last quarter. Lazard Asset Management LLC boosted its position in Eagle Capital Select Equity ETF by 30.6% in the 1st quarter. Lazard Asset Management LLC now owns 1,475,696 shares of the company’s stock valued at $44,891,000 after buying an additional 346,153 shares during the last quarter. Red Door Wealth Management LLC boosted its position in Eagle Capital Select Equity ETF by 6.1% in the 1st quarter. Red Door Wealth Management LLC now owns 1,130,228 shares of the company’s stock valued at $34,382,000 after buying an additional 64,783 shares during the last quarter. Finally, GC Wealth Management RIA LLC increased its stake in shares of Eagle Capital Select Equity ETF by 16.6% in the 1st quarter. GC Wealth Management RIA LLC now owns 249,622 shares of the company’s stock valued at $7,593,000 after buying an additional 35,566 shares during the period. 65.27% of the stock is owned by institutional investors.

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.