JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Reaches New 52-Week High – Here’s What Happened

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) shares hit a new 52-week high during trading on Thursday . The company traded as high as $63.60 and last traded at $63.60, with a volume of 4533 shares changing hands. The stock had previously closed at $63.10.

JPMorgan Global Select Equity ETF Stock Up 1.0 %

The firm has a 50 day moving average of $62.03 and a 200 day moving average of $60.31. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 22.80 and a beta of 1.02.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of JGLO. JPMorgan Chase & Co. grew its position in shares of JPMorgan Global Select Equity ETF by 82.5% in the first quarter. JPMorgan Chase & Co. now owns 34,749,977 shares of the company’s stock valued at $1,994,996,000 after purchasing an additional 15,704,869 shares in the last quarter. Prudential PLC purchased a new stake in JPMorgan Global Select Equity ETF during the second quarter valued at about $48,199,000. LPL Financial LLC grew its position in JPMorgan Global Select Equity ETF by 59.0% during the 2nd quarter. LPL Financial LLC now owns 1,366,291 shares of the company’s stock worth $82,524,000 after acquiring an additional 507,256 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of JPMorgan Global Select Equity ETF by 114.8% in the second quarter. Envestnet Asset Management Inc. now owns 700,226 shares of the company’s stock worth $42,294,000 after buying an additional 374,299 shares during the period. Finally, Daymark Wealth Partners LLC increased its position in shares of JPMorgan Global Select Equity ETF by 156.6% in the second quarter. Daymark Wealth Partners LLC now owns 282,513 shares of the company’s stock valued at $17,064,000 after acquiring an additional 172,426 shares during the period.

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.