Eagle Capital Select Equity ETF (NYSEARCA:EAGL) Reaches New 52-Week High – Should You Buy?

Eagle Capital Select Equity ETF (NYSEARCA:EAGL) shares hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $36.45 and last traded at $36.4110, with a volume of 201,811 shares trading hands. The stock had previously closed at $36.25.

Eagle Capital Select Equity ETF Price Performance

The company’s 50 day moving average is $35.21 and its 200 day moving average is $33.67. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 19.27 and a beta of 0.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC lifted its position in shares of Eagle Capital Select Equity ETF by 30.6% during the 1st quarter. Lazard Asset Management LLC now owns 1,475,696 shares of the company’s stock valued at $44,891,000 after acquiring an additional 346,153 shares during the period. Glenmede Trust Co. NA boosted its stake in shares of Eagle Capital Select Equity ETF by 10.9% during the 1st quarter. Glenmede Trust Co. NA now owns 1,942,324 shares of the company’s stock worth $59,085,000 after acquiring an additional 191,024 shares in the last quarter. Red Door Wealth Management LLC grew its holdings in shares of 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 worth $34,382,000 after acquiring an additional 64,783 shares during the period. Sepio Capital LP grew its holdings in shares of Eagle Capital Select Equity ETF by 80.3% in the 3rd quarter. Sepio Capital LP now owns 141,809 shares of the company’s stock worth $4,826,000 after acquiring an additional 63,166 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Eagle Capital Select Equity ETF by 1,956.5% in the 1st quarter. Bank of America Corp DE now owns 53,572 shares of the company’s stock worth $1,630,000 after acquiring an additional 50,967 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.