JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sees Large Volume Increase – Here’s What Happened

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) saw unusually-strong trading volume on Tuesday . Approximately 705,442 shares changed hands during trading, an increase of 492% from the previous session’s volume of 119,214 shares.The stock last traded at $69.69 and had previously closed at $69.35.

JPMorgan Global Select Equity ETF Stock Performance

The stock’s fifty day simple moving average is $68.18 and its two-hundred day simple moving average is $67.35. The company has a market cap of $6.98 billion, a price-to-earnings ratio of 23.79 and a beta of 0.90.

JPMorgan Global Select Equity ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, December 16th were paid a $0.8129 dividend. This represents a dividend yield of 121.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

Hedge funds have recently made changes to their positions in the business. Vestmark Advisory Solutions Inc. increased its holdings in JPMorgan Global Select Equity ETF by 118.3% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 1,557,022 shares of the company’s stock valued at $100,179,000 after purchasing an additional 843,739 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of JPMorgan Global Select Equity ETF by 10.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,034,648 shares of the company’s stock valued at $66,569,000 after buying an additional 96,038 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of JPMorgan Global Select Equity ETF by 6.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 1,026,106 shares of the company’s stock valued at $66,020,000 after buying an additional 60,190 shares during the period. Jane Street Group LLC lifted its position in JPMorgan Global Select Equity ETF by 335.1% during the 2nd 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 in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in JPMorgan Global Select Equity ETF by 156.0% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 540,156 shares of the company’s stock worth $36,606,000 after acquiring an additional 329,183 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.