JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sets New 12-Month High – Still a Buy?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) reached a new 52-week high on Friday . The stock traded as high as $65.51 and last traded at $65.32, with a volume of 4524 shares trading hands. The stock had previously closed at $65.19.

JPMorgan Global Select Equity ETF Stock Performance

The stock has a market capitalization of $7.12 billion, a P/E ratio of 23.79 and a beta of 1.02. The firm has a fifty day moving average price of $62.98 and a two-hundred day moving average price of $60.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new stake in JPMorgan Global Select Equity ETF during the 4th quarter valued at about $982,000. Daymark Wealth Partners LLC boosted its holdings in JPMorgan Global Select Equity ETF by 7.9% in the 1st quarter. Daymark Wealth Partners LLC now owns 376,446 shares of the company’s stock valued at $22,188,000 after purchasing an additional 27,588 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in JPMorgan Global Select Equity ETF by 17.0% in the 1st quarter. Farther Finance Advisors LLC now owns 7,641 shares of the company’s stock valued at $452,000 after purchasing an additional 1,109 shares during the last quarter. HighTower Advisors LLC acquired a new position in JPMorgan Global Select Equity ETF in the 4th quarter valued at about $205,000. Finally, Marshall Wace LLP acquired a new position in JPMorgan Global Select Equity ETF in the 4th quarter valued at about $267,000.

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.