JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Reaches New 12-Month High – Should You Buy?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) hit a new 52-week high on Wednesday . The company traded as high as $74.65 and last traded at $74.61, with a volume of 6474 shares traded. The stock had previously closed at $74.15.

JPMorgan Global Select Equity ETF Price Performance

The business has a 50-day moving average of $71.39 and a two-hundred day moving average of $69.65. The company has a market cap of $6.86 billion, a P/E ratio of 23.79 and a beta of 0.84.

Institutional Trading of JPMorgan Global Select Equity ETF

A number of institutional investors have recently modified their holdings of JGLO. Comerica Bank raised its stake in shares of JPMorgan Global Select Equity ETF by 279.3% during the 1st quarter. Comerica Bank now owns 1,358 shares of the company’s stock worth $80,000 after acquiring an additional 1,000 shares in the last quarter. Marshall Wace LLP purchased a new position in JPMorgan Global Select Equity ETF in the second quarter worth $501,000. Qube Research & Technologies Ltd acquired a new position in shares of JPMorgan Global Select Equity ETF during the second quarter worth $425,000. Jane Street Group LLC lifted its holdings in shares of JPMorgan Global Select Equity ETF by 335.1% during the 2nd quarter. Jane Street Group LLC now owns 602,721 shares of the company’s stock valued at $38,779,000 after purchasing an additional 464,196 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of JPMorgan Global Select Equity ETF during the 2nd quarter valued at $5,328,000.

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.