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

by · The Cerbat Gem

JPMorgan Global Select Equity ETF (NASDAQ:JGLO – Get Free Report) shares saw strong trading volume on Thursday . 3,843,314 shares changed hands during mid-day trading, an increase of 788% from the previous session’s volume of 432,677 shares.The stock last traded at $62.98 and had previously closed at $62.83.

JPMorgan Global Select Equity ETF Stock Up 0.2 %

The business’s 50-day simple moving average is $62.29 and its two-hundred day simple moving average is $60.59. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 22.80 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. purchased a new position in shares of JPMorgan Global Select Equity ETF in the first quarter worth about $728,000. Nwam LLC purchased a new stake in JPMorgan Global Select Equity ETF in the 1st quarter valued at $324,000. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Global Select Equity ETF by 82.5% in the 1st quarter. JPMorgan Chase & Co. now owns 34,749,977 shares of the company’s stock worth $1,994,996,000 after acquiring an additional 15,704,869 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in shares of JPMorgan Global Select Equity ETF during the 1st quarter valued at about $1,605,000. Finally, Ascent Group LLC purchased a new stake in shares of JPMorgan Global Select Equity ETF in the first quarter valued at about $961,000.

About JPMorgan Global Select Equity ETF

(Get Free Report)

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.

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