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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) shares saw an uptick in trading volume on Monday . Approximately 284,411 shares traded hands during mid-day trading, an increase of 30% from the previous session’s volume of 217,993 shares.The stock last traded at $73.35 and had previously closed at $73.49.

JPMorgan Global Select Equity ETF Stock Performance

The firm’s 50-day moving average is $72.08 and its 200 day moving average is $69.97. The stock has a market cap of $6.81 billion, a PE ratio of 23.79 and a beta of 0.84.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of JGLO. Comerica Bank raised its stake in shares of JPMorgan Global Select Equity ETF by 279.3% during the 1st quarter. Comerica Bank now owns 1,358 shares of the company’s stock worth $80,000 after buying an additional 1,000 shares in the last quarter. Marshall Wace LLP acquired a new position in JPMorgan Global Select Equity ETF in the 2nd quarter valued at about $501,000. Qube Research & Technologies Ltd purchased a new position in shares of JPMorgan Global Select Equity ETF during the second quarter valued at approximately $425,000. Jane Street Group LLC grew its stake in JPMorgan Global Select Equity ETF by 335.1% in the 2nd quarter. Jane Street Group LLC now owns 602,721 shares of the company’s stock worth $38,779,000 after acquiring an additional 464,196 shares during the period. Finally, Bank of America Corp DE acquired a new position in JPMorgan Global Select Equity ETF in the 2nd quarter valued at $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.