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

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

JPMorgan Global Select Equity ETF Price Performance

The firm has a market cap of $7.20 billion, a PE ratio of 23.79 and a beta of 0.87. The business has a fifty day moving average price of $67.59 and a two-hundred day moving average price of $68.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JGLO. Comerica Bank grew its holdings in shares of JPMorgan Global Select Equity ETF by 279.3% during the first quarter. Comerica Bank now owns 1,358 shares of the company’s stock valued at $80,000 after buying 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 valued at about $501,000. Qube Research & Technologies Ltd purchased a new position in JPMorgan Global Select Equity ETF in the second quarter valued at about $425,000. Jane Street Group LLC grew its stake in JPMorgan Global Select Equity ETF by 335.1% in the second 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 in the last quarter. Finally, Bank of America Corp DE purchased a new position in JPMorgan Global Select Equity ETF in the second quarter valued at about $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.