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

Shares of JPMorgan Global Select Equity ETF (NASDAQ:JGLO) reached a new 52-week high on Tuesday . The company traded as high as $75.50 and last traded at $75.50, with a volume of 2581 shares trading hands. The stock had previously closed at $74.29.

JPMorgan Global Select Equity ETF Stock Up 0.1%

The firm has a market cap of $6.79 billion, a PE ratio of 23.79 and a beta of 0.84. The company’s 50 day moving average price is $71.87 and its two-hundred day moving average price is $69.85.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

Several hedge funds have recently added to or reduced their stakes in JGLO. Harbor Investment Advisory LLC raised its position in JPMorgan Global Select Equity ETF by 35.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 540 shares of the company’s stock worth $38,000 after purchasing an additional 140 shares during the period. NewEdge Advisors LLC grew its stake in shares of JPMorgan Global Select Equity ETF by 3.0% during the first quarter. NewEdge Advisors LLC now owns 12,683 shares of the company’s stock valued at $828,000 after buying an additional 373 shares during the last quarter. Gateway Wealth Partners LLC grew its stake in shares of JPMorgan Global Select Equity ETF by 156.2% during the first quarter. Gateway Wealth Partners LLC now owns 13,825 shares of the company’s stock valued at $902,000 after buying an additional 8,428 shares during the last quarter. Ascension Capital Advisors Inc. purchased a new stake in shares of JPMorgan Global Select Equity ETF in the first quarter worth approximately $349,000. Finally, Cetera Investment Advisers raised its holdings in shares of JPMorgan Global Select Equity ETF by 12.0% in the first quarter. Cetera Investment Advisers now owns 274,866 shares of the company’s stock worth $17,940,000 after buying an additional 29,474 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.