JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sees Large Volume Increase – Still a Buy?

Shares of JPMorgan Global Select Equity ETF (NASDAQ:JGLO) saw unusually-high trading volume on Monday . 284,411 shares were traded during mid-day trading, an increase of 30% from the previous session’s volume of 217,993 shares.The stock last traded at $73.35 and had previously closed at $73.49.

JPMorgan Global Select Equity ETF Stock Performance

The stock has a market capitalization of $6.77 billion, a P/E ratio of 23.79 and a beta of 0.84. The stock has a 50-day simple moving average of $71.99 and a 200 day simple moving average of $69.90.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in JGLO. Orion Capital Management LLC bought a new stake in JPMorgan Global Select Equity ETF during the 2nd quarter worth approximately $25,000. Harbor Investment Advisory LLC bought a new stake in shares of JPMorgan Global Select Equity ETF during the first quarter worth $26,000. Quadrant Capital Group LLC bought a new stake in JPMorgan Global Select Equity ETF in the 4th quarter valued at $35,000. Wilmington Savings Fund Society FSB bought a new stake in JPMorgan Global Select Equity ETF in the 3rd quarter valued at $36,000. Finally, Root Financial Partners LLC acquired a new position in JPMorgan Global Select Equity ETF in the 1st quarter worth $60,000.

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.