JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sees Unusually-High Trading Volume – Time to Buy?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) saw unusually-high trading volume on Tuesday . Approximately 705,442 shares changed hands during trading, an increase of 492% from the previous session’s volume of 119,214 shares.The stock last traded at $69.69 and had previously closed at $69.35.

JPMorgan Global Select Equity ETF Price Performance

The stock has a fifty day moving average of $67.97 and a 200 day moving average of $67.29. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 23.79 and a beta of 0.90.

JPMorgan Global Select Equity ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, December 16th were paid a $0.8129 dividend. The ex-dividend date was Tuesday, December 16th. This represents a dividend yield of 121.0%.

Institutional Investors Weigh In On JPMorgan Global Select Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JGLO. Comerica Bank lifted its holdings in shares of JPMorgan Global Select Equity ETF by 279.3% in the 1st quarter. Comerica Bank now owns 1,358 shares of the company’s stock valued at $80,000 after buying an additional 1,000 shares during the period. Janney Montgomery Scott LLC lifted its holdings in JPMorgan Global Select Equity ETF by 6.2% in the second quarter. Janney Montgomery Scott LLC now owns 1,026,106 shares of the company’s stock valued at $66,020,000 after acquiring an additional 60,190 shares during the period. Lockerman Financial Group Inc. boosted its position in JPMorgan Global Select Equity ETF by 2.6% in the 2nd quarter. Lockerman Financial Group Inc. now owns 19,933 shares of the company’s stock worth $1,282,000 after purchasing an additional 512 shares in the last quarter. Triad Wealth Partners LLC grew its stake in shares of JPMorgan Global Select Equity ETF by 35.9% during the 2nd quarter. Triad Wealth Partners LLC now owns 28,024 shares of the company’s stock worth $1,803,000 after purchasing an additional 7,397 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in shares of JPMorgan Global Select Equity ETF during the 2nd quarter valued at approximately $1,848,000.

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.