JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Hits New 1-Year High – Still a Buy?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $72.13 and last traded at $72.13, with a volume of 481 shares changing hands. The stock had previously closed at $71.44.

JPMorgan Global Select Equity ETF Stock Performance

The stock has a fifty day simple moving average of $70.93 and a two-hundred day simple moving average of $69.18. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 23.79 and a beta of 0.85.

Institutional Investors Weigh In On JPMorgan Global Select Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its stake in JPMorgan Global Select Equity ETF by 6,481.6% in the fourth quarter. Jane Street Group LLC now owns 5,375,353 shares of the company’s stock valued at $363,750,000 after purchasing an additional 5,293,681 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of JPMorgan Global Select Equity ETF by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 852,864 shares of the company’s stock valued at $55,666,000 after buying an additional 57,207 shares during the period. Vestmark Advisory Solutions Inc. increased its position in 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 valued at $45,020,000 after buying an additional 64,092 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in JPMorgan Global Select Equity ETF by 8.2% in 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. Finally, Susquehanna International Group LLP raised its stake in JPMorgan Global Select Equity ETF by 70.5% during the 3rd quarter. Susquehanna International Group LLP now owns 321,172 shares of the company’s stock worth $21,766,000 after buying an additional 132,825 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.