JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sees Strong Trading Volume – Still a Buy?

Shares of JPMorgan Global Select Equity ETF (NASDAQ:JGLO) saw strong trading volume on Wednesday . 644,241 shares were traded during trading, an increase of 85% from the previous session’s volume of 348,391 shares.The stock last traded at $62.31 and had previously closed at $62.40.

JPMorgan Global Select Equity ETF Trading Up 0.0 %

The company’s 50-day simple moving average is $61.05 and its 200-day simple moving average is $59.54. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 22.80 and a beta of 1.02.

Institutional Trading of JPMorgan Global Select Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV bought a new stake in shares of JPMorgan Global Select Equity ETF in the 1st quarter valued at about $1,680,000. Security Financial Services INC. bought a new stake in JPMorgan Global Select Equity ETF in the first quarter valued at approximately $392,000. Lockerman Financial Group Inc. acquired a new stake in JPMorgan Global Select Equity ETF during the 1st quarter valued at approximately $623,000. Benjamin F. Edwards & Company Inc. acquired a new stake in JPMorgan Global Select Equity ETF during the 1st quarter valued at approximately $103,000. Finally, MN Wealth Advisors LLC bought a new position in JPMorgan Global Select Equity ETF during the 1st quarter worth approximately $4,486,000.

About JPMorgan Global Select Equity ETF

The JPMorgan Global Select Equity ETF Global Select Equity ETF (JGLO) is an exchange-traded fund that mostly invests in total market equity. The fund seeks long-term capital appreciation through an active management that invests in stocks of any capitalization located in both developed and emerging markets.