Eagle Capital Select Equity ETF (NYSEARCA:EAGL) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Eagle Capital Select Equity ETF (NYSEARCA:EAGL) saw unusually-strong trading volume on Friday . Approximately 280,419 shares were traded during trading, an increase of 142% from the previous session’s volume of 115,755 shares.The stock last traded at $28.02 and had previously closed at $27.80.

Eagle Capital Select Equity ETF Stock Performance

The company’s 50 day moving average price is $27.41 and its 200-day moving average price is $28.24. The company has a market cap of $2.53 billion, a PE ratio of 19.09 and a beta of 1.04.

Institutional Trading of Eagle Capital Select Equity ETF

Hedge funds have recently made changes to their positions in the company. MSA Advisors LLC purchased a new stake in Eagle Capital Select Equity ETF in the 4th quarter worth about $251,000. HB Wealth Management LLC bought a new position in Eagle Capital Select Equity ETF during the fourth quarter worth about $341,000. Raymond James Financial Inc. purchased a new position in shares of Eagle Capital Select Equity ETF in the fourth quarter worth about $363,000. JPMorgan Chase & Co. bought a new stake in shares of Eagle Capital Select Equity ETF in the fourth quarter valued at approximately $1,064,000. Finally, Klingenstein Fields & Co. LP lifted its stake in shares of Eagle Capital Select Equity ETF by 209.3% during the 1st quarter. Klingenstein Fields & Co. LP now owns 38,351 shares of the company’s stock valued at $1,074,000 after buying an additional 25,952 shares in the last quarter.

Eagle Capital Select Equity ETF Company Profile

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.