JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sets New 52-Week High – Still a Buy?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $70.66 and last traded at $70.45, with a volume of 2663 shares changing hands. The stock had previously closed at $70.27.

JPMorgan Global Select Equity ETF Stock Down 0.4%

The firm has a market cap of $7.09 billion, a PE ratio of 23.79 and a beta of 0.91. The firm’s 50 day moving average is $67.55 and its 200-day moving average is $68.00.

Institutional Investors Weigh In On JPMorgan Global Select Equity ETF

Several hedge funds have recently modified their holdings of JGLO. Comerica Bank boosted its position in shares of JPMorgan Global Select Equity ETF by 279.3% in the first quarter. Comerica Bank now owns 1,358 shares of the company’s stock worth $80,000 after acquiring an additional 1,000 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of JPMorgan Global Select Equity ETF in the second quarter worth approximately $501,000. Qube Research & Technologies Ltd acquired a new stake in shares of JPMorgan Global Select Equity ETF in the second quarter worth approximately $425,000. Jane Street Group LLC boosted its position in shares of 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 worth $38,779,000 after acquiring an additional 464,196 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of JPMorgan Global Select Equity ETF in the second quarter worth approximately $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.