JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Reaches New 12-Month High – Should You Buy?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO)’s share price hit a new 52-week high on Thursday . The stock traded as high as $74.63 and last traded at $74.10, with a volume of 375100 shares trading hands. The stock had previously closed at $74.10.

JPMorgan Global Select Equity ETF Stock Up 0.7%

The company has a 50 day simple moving average of $71.28 and a 200-day simple moving average of $69.56. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 23.79 and a beta of 0.84.

Institutional Investors Weigh In On JPMorgan Global Select Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in JGLO. Comerica Bank boosted its holdings in 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 purchasing an additional 1,000 shares during the period. Marshall Wace LLP acquired a new stake in shares of JPMorgan Global Select Equity ETF during the second quarter worth $501,000. Qube Research & Technologies Ltd bought a new position in shares of JPMorgan Global Select Equity ETF in the 2nd quarter worth about $425,000. Jane Street Group LLC lifted its position in shares of JPMorgan Global Select Equity ETF by 335.1% in the 2nd quarter. Jane Street Group LLC now owns 602,721 shares of the company’s stock worth $38,779,000 after buying an additional 464,196 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of JPMorgan Global Select Equity ETF in the 2nd quarter worth about $5,328,000.

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.