JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sees Unusually-High Trading Volume – What’s Next?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) saw strong trading volume on Monday . 358,799 shares changed hands during mid-day trading, an increase of 41% from the previous session’s volume of 253,614 shares.The stock last traded at $61.90 and had previously closed at $61.91.

JPMorgan Global Select Equity ETF Stock Performance

The firm has a market capitalization of $6.68 billion, a P/E ratio of 23.57 and a beta of 1.02. The firm has a 50 day simple moving average of $58.21 and a two-hundred day simple moving average of $60.61.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JGLO. HighTower Advisors LLC bought a new stake in shares of JPMorgan Global Select Equity ETF in the fourth quarter valued at $205,000. Marshall Wace LLP purchased a new stake in shares of JPMorgan Global Select Equity ETF during the 4th quarter valued at approximately $267,000. JPMorgan Chase & Co. grew its stake in JPMorgan Global Select Equity ETF by 4.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 45,986,514 shares of the company’s stock valued at $2,881,975,000 after buying an additional 2,148,215 shares in the last quarter. Principal Securities Inc. bought a new position in shares of JPMorgan Global Select Equity ETF in the fourth quarter worth $49,000. Finally, MN Wealth Advisors LLC grew its position in shares of JPMorgan Global Select Equity ETF by 3.2% in the fourth quarter. MN Wealth Advisors LLC now owns 147,925 shares of the company’s stock valued at $8,881,000 after purchasing an additional 4,579 shares in the last quarter.

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.