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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) shares saw unusually-high trading volume on Thursday. Approximately 298,043 shares traded hands during trading, an increase of 41% from the previous session’s volume of 211,583 shares. The stock last traded at $72.07 and had previously closed at $72.50.

JPMorgan Global Select Equity ETF Stock Down 0.7%

The firm has a fifty day moving average of $72.98 and a 200-day moving average of $70.74. The firm has a market cap of $6.38 billion, a P/E ratio of 23.79 and a beta of 0.84.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of JGLO. Harbor Investment Advisory LLC grew its position in shares of JPMorgan Global Select Equity ETF by 35.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 540 shares of the company’s stock worth $38,000 after buying an additional 140 shares during the period. 3Chopt Investment Partners LLC lifted its holdings in JPMorgan Global Select Equity ETF by 1.8% in the first quarter. 3Chopt Investment Partners LLC now owns 8,243 shares of the company’s stock valued at $538,000 after buying an additional 149 shares during the period. Orion Capital Management LLC bought a new position in JPMorgan Global Select Equity ETF in the second quarter valued at approximately $25,000. AdvisorNet Financial Inc boosted its stake in JPMorgan Global Select Equity ETF by 4.6% in the first quarter. AdvisorNet Financial Inc now owns 8,408 shares of the company’s stock valued at $549,000 after acquiring an additional 370 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in JPMorgan Global Select Equity ETF by 3.0% during the 1st quarter. NewEdge Advisors LLC now owns 12,683 shares of the company’s stock worth $828,000 after acquiring an additional 373 shares during the period.

JPMorgan Global Select Equity ETF Company Profile

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.