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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $71.90 and last traded at $71.90, with a volume of 17696 shares traded. The stock had previously closed at $71.33.

JPMorgan Global Select Equity ETF Trading Down 1.2%

The business’s 50 day moving average price is $70.72 and its two-hundred day moving average price is $68.98. The stock has a market cap of $6.86 billion, a P/E ratio of 23.79 and a beta of 0.85.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Arlington Financial Advisors LLC raised its holdings in JPMorgan Global Select Equity ETF by 3.2% in the fourth quarter. Arlington Financial Advisors LLC now owns 317,216 shares of the company’s stock worth $21,466,000 after purchasing an additional 9,819 shares in the last quarter. Econ Financial Services Corp purchased a new position in JPMorgan Global Select Equity ETF during the fourth quarter valued at $3,324,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of JPMorgan Global Select Equity ETF by 8.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 584,303 shares of the company’s stock valued at $39,762,000 after buying an additional 44,147 shares in the last quarter. Signet Financial Management LLC grew its position in shares of JPMorgan Global Select Equity ETF by 35.1% in the 4th quarter. Signet Financial Management LLC now owns 36,113 shares of the company’s stock worth $2,444,000 after buying an additional 9,390 shares during the period. Finally, Vestmark Advisory Solutions Inc. grew its position in shares of JPMorgan Global Select Equity ETF by 10.7% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 665,286 shares of the company’s stock worth $45,020,000 after buying an additional 64,092 shares during the period.

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.