JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Hits New 1-Year High – What’s Next?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) reached a new 52-week high during trading on Friday . The company traded as high as $72.33 and last traded at $72.21, with a volume of 312708 shares. The stock had previously closed at $71.62.

JPMorgan Global Select Equity ETF Stock Performance

The stock has a market cap of $6.75 billion, a PE ratio of 23.79 and a beta of 0.85. The firm has a 50-day moving average price of $70.97 and a 200-day moving average price of $69.37.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JGLO. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of JPMorgan Global Select Equity ETF by 8.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 584,303 shares of the company’s stock worth $39,762,000 after purchasing an additional 44,147 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its position in shares of JPMorgan Global Select Equity ETF by 10.7% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 665,286 shares of the company’s stock valued at $45,020,000 after buying an additional 64,092 shares during the last quarter. WealthPLAN Partners LLC increased its holdings in JPMorgan Global Select Equity ETF by 359.9% in the 1st quarter. WealthPLAN Partners LLC now owns 31,746 shares of the company’s stock worth $2,072,000 after buying an additional 24,843 shares in the last quarter. WealthPlan Investment Management LLC raised its position in JPMorgan Global Select Equity ETF by 36.9% in the 4th quarter. WealthPlan Investment Management LLC now owns 172,944 shares of the company’s stock worth $11,703,000 after buying an additional 46,658 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new position in JPMorgan Global Select Equity ETF during the 1st quarter valued at about $540,000.

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.