JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Reaches New 52-Week High – What’s Next?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $71.90 and last traded at $71.90, with a volume of 17696 shares changing hands. The stock had previously closed at $71.33.

JPMorgan Global Select Equity ETF Trading Up 0.7%

The company’s fifty day moving average is $70.64 and its 200 day moving average is $68.91. The company has a market cap of $6.93 billion, a P/E ratio of 23.79 and a beta of 0.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JGLO. Harbor Investment Advisory LLC purchased a new position in shares of JPMorgan Global Select Equity ETF in the first quarter worth about $26,000. Quadrant Capital Group LLC purchased a new position in JPMorgan Global Select Equity ETF in the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB purchased a new position in JPMorgan Global Select Equity ETF in the 3rd quarter worth approximately $36,000. Root Financial Partners LLC bought a new stake in JPMorgan Global Select Equity ETF in the first quarter valued at approximately $60,000. Finally, National Bank of Canada FI bought a new stake in JPMorgan Global Select Equity ETF in the third 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.