JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sees Unusually-High Trading Volume – Here’s Why

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) shares saw an uptick in trading volume on Friday . 393,039 shares were traded during trading, an increase of 113% from the previous session’s volume of 184,441 shares.The stock last traded at $66.85 and had previously closed at $67.78.

JPMorgan Global Select Equity ETF Price Performance

The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 23.79 and a beta of 0.90. The company has a 50-day simple moving average of $68.92 and a two-hundred day simple moving average of $67.97.

JPMorgan Global Select Equity ETF Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of JGLO. Jones Financial Companies Lllp bought a new stake in shares of JPMorgan Global Select Equity ETF during the third quarter valued at approximately $35,000. Quadrant Capital Group LLC acquired a new stake in JPMorgan Global Select Equity ETF in the 4th quarter valued at approximately $35,000. Wilmington Savings Fund Society FSB bought a new stake in JPMorgan Global Select Equity ETF during the 3rd quarter valued at $36,000. Total Investment Management Inc. bought a new stake in JPMorgan Global Select Equity ETF during the 2nd quarter valued at $46,000. Finally, Tripletail Wealth Management LLC acquired a new position in JPMorgan Global Select Equity ETF during the 3rd quarter worth $51,000.

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.