JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sees Unusually-High Trading Volume – Still a Buy?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) shares saw unusually-high trading volume on Thursday . Approximately 493,087 shares changed hands during mid-day trading, an increase of 154% from the previous session’s volume of 194,134 shares.The stock last traded at $71.14 and had previously closed at $71.09.

JPMorgan Global Select Equity ETF Stock Up 0.3%

The stock’s 50-day moving average price is $68.68 and its 200 day moving average price is $68.37. The company has a market cap of $7.24 billion, a P/E ratio of 23.79 and a beta of 0.87.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

A number of hedge funds have recently modified their holdings of JGLO. Harbor Investment Advisory LLC acquired a new stake in JPMorgan Global Select Equity ETF in the 1st quarter valued at $26,000. Jones Financial Companies Lllp bought a new position in shares of JPMorgan Global Select Equity ETF during the third quarter valued at $35,000. Quadrant Capital Group LLC acquired a new stake in shares of JPMorgan Global Select Equity ETF in the 4th quarter valued at $35,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of JPMorgan Global Select Equity ETF in the 3rd quarter valued at $36,000. Finally, Root Financial Partners LLC bought a new stake in shares of JPMorgan Global Select Equity ETF in the 1st quarter worth about $60,000.

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.