JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sets New 52-Week High – Here’s Why

JPMorgan Global Select Equity ETF (NASDAQ:JGLO)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $74.65 and last traded at $74.61, with a volume of 6474 shares trading hands. The stock had previously closed at $74.15.

JPMorgan Global Select Equity ETF Stock Up 0.3%

The company has a market capitalization of $6.86 billion, a PE ratio of 23.79 and a beta of 0.84. The business has a 50 day simple moving average of $71.39 and a 200 day simple moving average of $69.65.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of JGLO. Harbor Investment Advisory LLC purchased a new stake in JPMorgan Global Select Equity ETF during the 1st quarter worth approximately $26,000. Quadrant Capital Group LLC purchased a new position in shares of JPMorgan Global Select Equity ETF in the fourth quarter worth $35,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of JPMorgan Global Select Equity ETF during the third quarter worth $36,000. Root Financial Partners LLC purchased a new stake in shares of JPMorgan Global Select Equity ETF during the first quarter valued at $60,000. Finally, National Bank of Canada FI purchased a new stake in shares of JPMorgan Global Select Equity ETF during the third quarter valued at $74,000.

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.