Envestnet Asset Management Inc. Cuts Position in JPMorgan Global Select Equity ETF $JGLO

Envestnet Asset Management Inc. cut its stake in JPMorgan Global Select Equity ETF (NASDAQ:JGLO) by 7.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 956,420 shares of the company’s stock after selling 78,228 shares during the quarter. Envestnet Asset Management Inc.’s holdings in JPMorgan Global Select Equity ETF were worth $64,817,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vestmark Advisory Solutions Inc. increased its holdings in JPMorgan Global Select Equity ETF by 118.3% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 1,557,022 shares of the company’s stock valued at $100,179,000 after acquiring an additional 843,739 shares in the last quarter. Jane Street Group LLC boosted its position in JPMorgan Global Select Equity ETF by 335.1% during the second quarter. Jane Street Group LLC now owns 602,721 shares of the company’s stock worth $38,779,000 after acquiring an additional 464,196 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of JPMorgan Global Select Equity ETF during the second quarter worth $13,574,000. Osaic Holdings Inc. grew its holdings in JPMorgan Global Select Equity ETF by 499.6% in the 2nd quarter. Osaic Holdings Inc. now owns 158,896 shares of the company’s stock valued at $9,510,000 after buying an additional 132,395 shares during the period. Finally, WealthPlan Investment Management LLC grew its holdings in JPMorgan Global Select Equity ETF by 383.9% in the third quarter. WealthPlan Investment Management LLC now owns 126,286 shares of the company’s stock valued at $8,558,000 after purchasing an additional 100,187 shares during the period.

JPMorgan Global Select Equity ETF Trading Up 2.0%

Shares of JGLO opened at $69.50 on Monday. The stock’s fifty day simple moving average is $68.39 and its 200 day simple moving average is $67.54. JPMorgan Global Select Equity ETF has a twelve month low of $51.78 and a twelve month high of $69.76. The firm has a market capitalization of $7.04 billion, a P/E ratio of 23.79 and a beta of 0.90.

JPMorgan Global Select Equity ETF Dividend Announcement

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

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.