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

Shares of Eagle Capital Select Equity ETF (NYSEARCA:EAGL) saw an uptick in trading volume on Wednesday . 258,677 shares traded hands during mid-day trading, an increase of 256% from the previous session’s volume of 72,609 shares.The stock last traded at $28.58 and had previously closed at $28.86.

Eagle Capital Select Equity ETF Price Performance

The company has a market capitalization of $2.40 billion, a P/E ratio of 20.06 and a beta of 1.04. The firm has a fifty day moving average price of $28.89 and a 200-day moving average price of $28.28.

Hedge Funds Weigh In On Eagle Capital Select Equity ETF

Institutional investors have recently added to or reduced their stakes in the stock. Prodigy Asset Management LLC purchased a new position in Eagle Capital Select Equity ETF in the fourth quarter valued at approximately $8,867,000. Lazard Asset Management LLC raised its stake in shares of Eagle Capital Select Equity ETF by 95.3% in the fourth quarter. Lazard Asset Management LLC now owns 58,875 shares of the company’s stock valued at $1,640,000 after buying an additional 28,730 shares during the period. Brown Advisory Inc. lifted its position in shares of Eagle Capital Select Equity ETF by 188.3% during the 4th quarter. Brown Advisory Inc. now owns 392,593 shares of the company’s stock valued at $10,934,000 after buying an additional 256,421 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Eagle Capital Select Equity ETF during the 4th quarter worth $363,000. Finally, MSA Advisors LLC bought a new position in shares of Eagle Capital Select Equity ETF during the 4th quarter worth $251,000.

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.