JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Hits New 12-Month High – Here’s Why

Shares of JPMorgan Global Select Equity ETF (NASDAQ:JGLO) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $70.16 and last traded at $70.14, with a volume of 4935 shares trading hands. The stock had previously closed at $69.44.

JPMorgan Global Select Equity ETF Stock Up 1.2%

The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 23.79 and a beta of 0.91. The stock’s 50-day simple moving average is $67.45 and its 200 day simple moving average is $67.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank increased its holdings in JPMorgan Global Select Equity ETF by 279.3% during the 1st quarter. Comerica Bank now owns 1,358 shares of the company’s stock valued at $80,000 after purchasing an additional 1,000 shares in the last quarter. Marshall Wace LLP bought a new position in shares of JPMorgan Global Select Equity ETF in the second quarter valued at about $501,000. Qube Research & Technologies Ltd bought a new position in shares of JPMorgan Global Select Equity ETF in the second quarter valued at about $425,000. Jane Street Group LLC lifted its position in JPMorgan Global Select Equity ETF by 335.1% during 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 in the last quarter. Finally, Bank of America Corp DE acquired a new position in JPMorgan Global Select Equity ETF during 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.