JPMorgan Chase & Co. has significantly increased its holdings in the First Eagle Global Equity ETF (NYSEARCA: FEGE) by an impressive 78.8% during the third quarter of 2023. According to the firm’s latest 13F filing with the Securities and Exchange Commission, JPMorgan now owns a total of 429,202 shares, having acquired an additional 189,102 shares within this period. At the close of the last quarter, these holdings were valued at approximately $18,984,000.
This move is part of a broader trend among institutional investors, as several other large firms have also adjusted their positions in the First Eagle Global Equity ETF. For instance, Wedbush Securities Inc. raised its stake by 5.6% in the second quarter, bringing its total to 33,515 shares valued at $1,353,000 after acquiring 1,775 additional shares.
Flow Traders U.S. LLC made a substantial increase of 177.2% in its position during the same quarter. This firm now holds 41,061 shares worth $1,658,000 following the purchase of an additional 26,249 shares. Additionally, Atlas Wealth LLC entered the fray by purchasing a new stake valued at $1,560,000 in the second quarter.
Transcend Capital Advisors LLC also made headlines by increasing its holdings in the ETF by 112.1% in the third quarter, now owning 29,183 shares valued at $1,291,000 after acquiring 15,421 shares. Meanwhile, Sittner & Nelson LLC bought a new stake valued at $40,000 in the same quarter.
First Eagle Global Equity ETF Stock Performance
As of the latest trading session, First Eagle Global Equity ETF shares opened at $50.68, reflecting a slight decline of 1.5%. Over the past year, the ETF has seen a low of $32.68 and a high of $51.47. The firm boasts a market capitalization of $1.23 billion, a price-to-earnings ratio of 18.15, and a beta of 0.90. Moreover, its fifty-day moving average stands at $48.95, while its two-hundred-day moving average is $45.91.
About First Eagle Global Equity ETF
The First Eagle Global Equity ETF (FEGE), launched on December 19, 2024, is an actively managed exchange-traded fund. It primarily invests in a diverse range of U.S. and non-U.S. equities with the goal of achieving capital growth. The fund employs a value investment approach, focusing on identifying undervalued companies while maintaining a strong margin of safety.
Investors interested in the latest developments and institutional movements regarding the First Eagle Global Equity ETF can visit HoldingsChannel.com for updated 13F filings and insights into insider trades.
