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

Shares of Eagle Capital Select Equity ETF (NYSEARCA:EAGL) saw unusually-strong trading volume on Monday . Approximately 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 firm’s fifty day simple moving average is $32.44 and its 200 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lavelle Capital LP acquired a new position in shares of Eagle Capital Select Equity ETF in the first quarter worth about $255,000. Glenmede Trust Co. NA lifted its position in shares of Eagle Capital Select Equity ETF by 10.9% in the first quarter. Glenmede Trust Co. NA now owns 1,942,324 shares of the company’s stock worth $59,085,000 after purchasing an additional 191,024 shares in the last quarter. Bank of America Corp DE grew its position in Eagle Capital Select Equity ETF by 1,956.5% during the first quarter. Bank of America Corp DE now owns 53,572 shares of the company’s stock valued at $1,630,000 after purchasing an additional 50,967 shares in the last quarter. MSA Advisors LLC acquired a new position in Eagle Capital Select Equity ETF in the 1st quarter valued at approximately $154,000. Finally, Lazard Asset Management LLC increased its stake 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 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.