JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sets New 12-Month High – Still a Buy?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO)’s share price hit a new 52-week high on Thursday . The stock traded as high as $71.16 and last traded at $71.11, with a volume of 42649 shares changing hands. The stock had previously closed at $69.94.

JPMorgan Global Select Equity ETF Stock Performance

The firm has a 50 day simple moving average of $67.59 and a two-hundred day simple moving average of $68.05. The stock has a market cap of $7.20 billion, a P/E ratio of 23.79 and a beta of 0.87.

Institutional Trading of JPMorgan Global Select Equity ETF

Hedge funds have recently added to or reduced their stakes in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in JPMorgan Global Select Equity ETF during the 3rd quarter valued at $828,000. Arlington Financial Advisors LLC raised its stake in shares of JPMorgan Global Select Equity ETF by 3.2% in the 4th quarter. Arlington Financial Advisors LLC now owns 317,216 shares of the company’s stock worth $21,466,000 after buying an additional 9,819 shares in the last quarter. Econ Financial Services Corp bought a new stake in shares of JPMorgan Global Select Equity ETF in the 4th quarter worth $3,324,000. HUB Investment Partners LLC bought a new stake in shares of JPMorgan Global Select Equity ETF in the 3rd quarter worth $8,018,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of JPMorgan Global Select Equity ETF by 156.0% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 540,156 shares of the company’s stock worth $36,606,000 after buying an additional 329,183 shares in the last quarter.

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.