JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Hits New 1-Year High – Here’s Why

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) hit a new 52-week high on Friday . The company traded as high as $72.33 and last traded at $72.21, with a volume of 312708 shares traded. The stock had previously closed at $71.62.

JPMorgan Global Select Equity ETF Price Performance

The company has a market capitalization of $6.75 billion, a P/E ratio of 23.79 and a beta of 0.85. The company’s 50-day moving average price is $71.00 and its two-hundred day moving average price is $69.39.

Institutional Investors Weigh In On JPMorgan Global Select Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC raised its position in shares of JPMorgan Global Select Equity ETF by 6,481.6% in the fourth quarter. Jane Street Group LLC now owns 5,375,353 shares of the company’s stock valued at $363,750,000 after buying an additional 5,293,681 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in JPMorgan Global Select Equity ETF by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 852,864 shares of the company’s stock valued at $55,666,000 after purchasing an additional 57,207 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its stake in shares of JPMorgan Global Select Equity ETF by 10.7% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 665,286 shares of the company’s stock valued at $45,020,000 after acquiring an additional 64,092 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of JPMorgan Global Select Equity ETF by 8.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 584,303 shares of the company’s stock valued at $39,762,000 after purchasing an additional 44,147 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its position in JPMorgan Global Select Equity ETF by 70.5% during the 3rd quarter. Susquehanna International Group LLP now owns 321,172 shares of the company’s stock worth $21,766,000 after buying an additional 132,825 shares during the period.

JPMorgan Global Select Equity ETF Company Profile

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.