JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Reaches New 1-Year High – What’s Next?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $69.78 and last traded at $69.77, with a volume of 8579 shares trading hands. The stock had previously closed at $69.50.

JPMorgan Global Select Equity ETF Price Performance

The company has a market capitalization of $7.08 billion, a P/E ratio of 23.79 and a beta of 0.90. The company has a 50 day moving average of $68.39 and a 200-day moving average of $67.54.

JPMorgan Global Select Equity ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 16th were issued a dividend of $0.8129 per share. This represents a dividend yield of 121.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JGLO. Jones Financial Companies Lllp bought a new stake in shares of JPMorgan Global Select Equity ETF during the 3rd quarter valued at about $35,000. Wilmington Savings Fund Society FSB bought a new stake in JPMorgan Global Select Equity ETF during the 3rd quarter valued at approximately $36,000. Total Investment Management Inc. purchased a new position in shares of JPMorgan Global Select Equity ETF during the 2nd quarter worth approximately $46,000. Tripletail Wealth Management LLC bought a new position in shares of JPMorgan Global Select Equity ETF in the 3rd quarter worth approximately $51,000. Finally, National Bank of Canada FI purchased a new position in shares of JPMorgan Global Select Equity ETF in the 3rd quarter valued at approximately $74,000.

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. The selection process integrates ESG factors. JGLO was launched on Sep 13, 2023 and is issued by JPMorgan Chase.