JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sets New 52-Week High – Still a Buy?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $74.63 and last traded at $74.10, with a volume of 375100 shares. The stock had previously closed at $74.10.

JPMorgan Global Select Equity ETF Price Performance

The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 23.79 and a beta of 0.84. The company’s 50-day simple moving average is $71.17 and its 200-day simple moving average is $69.49.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JGLO. Comerica Bank raised its position in JPMorgan Global Select Equity ETF by 279.3% during the first 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. Marshall Wace LLP acquired a new position in JPMorgan Global Select Equity ETF during the second quarter worth $501,000. Qube Research & Technologies Ltd acquired a new position in shares of JPMorgan Global Select Equity ETF during the 2nd quarter valued at about $425,000. Jane Street Group LLC raised its position in shares of JPMorgan Global Select Equity ETF by 335.1% in the second quarter. Jane Street Group LLC now owns 602,721 shares of the company’s stock valued at $38,779,000 after purchasing an additional 464,196 shares during the period. Finally, Bank of America Corp DE bought a new position in JPMorgan Global Select Equity ETF in the 2nd quarter worth $5,328,000.

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.