JPMorgan Chase & Co. has significantly increased its holdings in the First Eagle Global Equity ETF (NYSEARCA: FEGE) by 78.8% during the third quarter of 2023. This move was disclosed in the company’s latest 13F filing with the Securities and Exchange Commission. After acquiring an additional 189,102 shares, JPMorgan now owns a total of 429,202 shares in the ETF, valued at approximately $18,984,000 at the quarter’s end.
This adjustment reflects broader investment trends, as several large investors are also modifying their positions in the First Eagle Global Equity ETF. For instance, Wedbush Securities Inc. increased its stake by 5.6% in the second quarter, now holding 33,515 shares valued at $1,353,000 after adding 1,775 shares during the last quarter. Flow Traders U.S. LLC made an even larger adjustment, boosting its position by an impressive 177.2%. The firm currently owns 41,061 shares worth $1,658,000 after purchasing an additional 26,249 shares.
Further demonstrating increased interest, Atlas Wealth LLC initiated a new stake in the ETF during the same quarter, valued at $1,560,000. Additionally, Transcend Capital Advisors LLC raised its holdings by 112.1% in the third quarter, now owning 29,183 shares valued at $1,291,000 following an acquisition of 15,421 shares. Meanwhile, Sittner & Nelson LLC also entered the market with a new investment worth $40,000 in the second quarter.
Market Performance and Fund Overview
As of the latest trading session, the First Eagle Global Equity ETF experienced a 1.5% decline, opening at $50.68. The ETF has shown notable volatility, with a 52-week low of $32.68 and a high of $51.47. It boasts a market capitalization of $1.23 billion and a price-to-earnings ratio of 18.15, with a beta of 0.90. The fund has a fifty-day moving average of $48.95 and a two-hundred-day moving average of $45.91.
The First Eagle Global Equity ETF, launched on December 19, 2024, is actively managed and primarily invests in a diverse range of equities, both in the US and internationally. The fund employs a value-oriented investment strategy, focusing on identifying undervalued companies while maintaining a margin of safety.
As investment dynamics evolve, keeping track of institutional holdings and their implications on market performance remains crucial for investors. For those interested in further insights, detailed information about hedge fund activities and insider trades related to the First Eagle Global Equity ETF can be found at HoldingsChannel.com.
