JPMorgan Chase & Co. has substantially increased its investment in the First Eagle Global Equity ETF (NYSEARCA: FEGE) by 78.8% during the third quarter of 2023. According to the firm’s latest 13F filing with the Securities and Exchange Commission, JPMorgan now holds 429,202 shares of this exchange-traded fund, having acquired an additional 189,102 shares during the quarter. The total value of these holdings is approximately $18,984,000 as of the end of September.
This significant investment reflects a broader trend among institutional investors regarding the First Eagle Global Equity ETF. Other major players have also adjusted their stakes in the fund. For instance, Wedbush Securities Inc. raised its investment by 5.6% in the second quarter, now owning 33,515 shares, valued at $1,353,000 after purchasing an additional 1,775 shares.
Flow Traders U.S. LLC made a more pronounced move, increasing its position by a remarkable 177.2% during the same period. The firm now holds 41,061 shares worth $1,658,000 following the acquisition of an additional 26,249 shares. Additionally, Atlas Wealth LLC entered the market with a new stake valued at $1,560,000, while Transcend Capital Advisors LLC raised its holdings by 112.1% in the third quarter, now owning 29,183 shares valued at $1,291,000.
In contrast, Sittner & Nelson LLC also made headlines by purchasing a new stake in First Eagle Global Equity ETF worth $40,000 in the second quarter.
Market Performance and Fund Details
As of the latest trading session, First Eagle Global Equity ETF shares opened at $50.68. The ETF has experienced a 1.5% decline recently and has a 52-week range showing a low of $32.68 and a high of $51.47. The fund boasts a market capitalization of $1.23 billion, a price-to-earnings ratio of 18.15, and a beta of 0.90. It 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 both U.S. and international equities. The fund aims for capital growth utilizing a value investment approach, focusing on identifying undervalued companies while maintaining a margin of safety.
Investors interested in tracking the movements of this ETF and others can look to resources such as HoldingsChannel.com for the latest 13F filings and insider trading information.
