JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Hits New 12-Month High – What’s Next?

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

JPMorgan Global Select Equity ETF Stock Up 0.5%

The company has a 50-day moving average price of $70.88 and a 200-day moving average price of $69.13. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 23.79 and a beta of 0.85.

Institutional Trading of JPMorgan Global Select Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its stake in shares of 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 buying an additional 5,293,681 shares during the period. Integrated Wealth Concepts LLC increased its stake in JPMorgan Global Select Equity ETF by 1,001.3% during the third quarter. Integrated Wealth Concepts LLC now owns 196,189 shares of the company’s stock valued at $13,296,000 after acquiring an additional 178,375 shares during the period. Susquehanna International Group LLP increased its stake in JPMorgan Global Select Equity ETF by 70.5% during the third quarter. Susquehanna International Group LLP now owns 321,172 shares of the company’s stock valued at $21,766,000 after acquiring an additional 132,825 shares during the period. Bank of America Corp DE bought a new position in JPMorgan Global Select Equity ETF during the second quarter valued at about $5,328,000. Finally, Vestmark Advisory Solutions Inc. raised its holdings 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 acquiring an additional 64,092 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.