JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Reaches New 1-Year High – Still a Buy?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $71.22 and last traded at $71.22, with a volume of 1745 shares. The stock had previously closed at $70.98.

JPMorgan Global Select Equity ETF Stock Performance

The firm has a fifty day simple moving average of $67.72 and a 200 day simple moving average of $68.14. The company has a market capitalization of $7.24 billion, a PE ratio of 23.79 and a beta of 0.87.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

Several institutional investors have recently made changes to their positions in JGLO. Harbor Investment Advisory LLC purchased a new stake in JPMorgan Global Select Equity ETF in the first quarter worth about $26,000. Jones Financial Companies Lllp purchased a new position in JPMorgan Global Select Equity ETF during the 3rd quarter valued at about $35,000. Quadrant Capital Group LLC bought a new stake in shares of JPMorgan Global Select Equity ETF in the 4th quarter valued at about $35,000. Wilmington Savings Fund Society FSB bought a new stake in shares of JPMorgan Global Select Equity ETF in the 3rd quarter valued at about $36,000. Finally, Root Financial Partners LLC purchased a new stake in shares of JPMorgan Global Select Equity ETF in the 1st quarter worth approximately $60,000.

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.