Eagle Capital Select Equity ETF (NYSEARCA:EAGL) Sees Large Volume Increase – Here’s Why

Eagle Capital Select Equity ETF (NYSEARCA:EAGL) shares saw an uptick in trading volume on Wednesday . 228,327 shares traded hands during mid-day trading, an increase of 162% from the previous session’s volume of 87,069 shares.The stock last traded at $29.23 and had previously closed at $29.46.

Eagle Capital Select Equity ETF Price Performance

The company has a market cap of $2.12 billion, a price-to-earnings ratio of 17.42 and a beta of 1.04. The firm has a fifty day simple moving average of $28.75 and a 200 day simple moving average of $27.79.

Institutional Investors Weigh In On Eagle Capital Select Equity ETF

A number of hedge funds have recently bought and sold shares of EAGL. Sendero Wealth Management LLC grew its position in Eagle Capital Select Equity ETF by 39.1% in the 4th quarter. Sendero Wealth Management LLC now owns 664,359 shares of the company’s stock worth $18,502,000 after purchasing an additional 186,835 shares during the last quarter. Red Door Wealth Management LLC increased its stake in Eagle Capital Select Equity ETF by 2.5% during the fourth quarter. Red Door Wealth Management LLC now owns 432,703 shares of the company’s stock valued at $12,051,000 after acquiring an additional 10,709 shares during the period. Wealthstream Advisors Inc. acquired a new position in Eagle Capital Select Equity ETF in the 4th quarter valued at approximately $5,540,000. HighTower Advisors LLC grew its holdings in shares of Eagle Capital Select Equity ETF by 19.5% during the 4th quarter. HighTower Advisors LLC now owns 191,988 shares of the company’s stock worth $5,347,000 after purchasing an additional 31,328 shares in the last quarter. Finally, Triangle Securities Wealth Management acquired a new position in shares of Eagle Capital Select Equity ETF in the fourth quarter valued at $3,911,000.

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.