JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sets New 12-Month High – Time to Buy?

Shares of JPMorgan Global Select Equity ETF (NASDAQ:JGLO) hit a new 52-week high on Monday . The stock traded as high as $69.78 and last traded at $69.77, with a volume of 8579 shares. The stock had previously closed at $69.50.

JPMorgan Global Select Equity ETF Stock Performance

The stock’s 50-day moving average price is $68.39 and its two-hundred day moving average price is $67.54. The stock has a market capitalization of $7.08 billion, a PE ratio of 23.79 and a beta of 0.90.

JPMorgan Global Select Equity ETF Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JGLO. Vestmark Advisory Solutions Inc. boosted its holdings in JPMorgan Global Select Equity ETF by 118.3% in the second quarter. Vestmark Advisory Solutions Inc. now owns 1,557,022 shares of the company’s stock worth $100,179,000 after acquiring an additional 843,739 shares in the last quarter. Jane Street Group LLC boosted 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 purchasing an additional 464,196 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in JPMorgan Global Select Equity ETF by 156.0% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 540,156 shares of the company’s stock worth $36,606,000 after purchasing an additional 329,183 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in JPMorgan Global Select Equity ETF by 1,001.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 196,189 shares of the company’s stock valued at $13,296,000 after purchasing an additional 178,375 shares during the last quarter. Finally, Susquehanna International Group LLP raised its holdings in JPMorgan Global Select Equity ETF by 70.5% in the third quarter. Susquehanna International Group LLP now owns 321,172 shares of the company’s stock worth $21,766,000 after buying an additional 132,825 shares during the last quarter.

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.