JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Reaches New 52-Week High – What’s Next?

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

JPMorgan Global Select Equity ETF Trading Up 0.7%

The company has a market capitalization of $6.93 billion, a P/E ratio of 23.79 and a beta of 0.85. The business’s fifty day moving average price is $70.64 and its 200-day moving average price is $68.91.

Institutional Investors Weigh In On JPMorgan Global Select Equity ETF

Several hedge funds have recently added to or reduced their stakes in the company. 3Chopt Investment Partners LLC boosted its holdings in shares of JPMorgan Global Select Equity ETF by 1.8% in the 1st quarter. 3Chopt Investment Partners LLC now owns 8,243 shares of the company’s stock worth $538,000 after purchasing an additional 149 shares in the last quarter. Equitable Holdings Inc. raised its holdings in shares of JPMorgan Global Select Equity ETF by 2.3% during the 4th quarter. Equitable Holdings Inc. now owns 6,767 shares of the company’s stock valued at $458,000 after buying an additional 153 shares in the last quarter. Lake Street Private Wealth LLC lifted its position in JPMorgan Global Select Equity ETF by 1.3% in the 4th quarter. Lake Street Private Wealth LLC now owns 12,676 shares of the company’s stock worth $858,000 after buying an additional 163 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in JPMorgan Global Select Equity ETF by 3.9% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 5,302 shares of the company’s stock worth $359,000 after buying an additional 198 shares in the last quarter. Finally, Wayfinding Financial LLC boosted its stake in JPMorgan Global Select Equity ETF by 1.3% in the fourth quarter. Wayfinding Financial LLC now owns 18,708 shares of the company’s stock worth $1,265,000 after buying an additional 235 shares in the last quarter.

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.