JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sees Strong Trading Volume – Still a Buy?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) saw an uptick in trading volume on Thursday . Approximately 477,190 shares changed hands during trading, an increase of 147% from the previous session’s volume of 192,828 shares.The stock last traded at $70.64 and had previously closed at $71.63.

JPMorgan Global Select Equity ETF Trading Down 1.6%

The firm has a 50 day simple moving average of $70.97 and a 200 day simple moving average of $69.28. The firm has a market capitalization of $6.76 billion, a PE ratio of 23.79 and a beta of 0.85.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

Large investors have recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC lifted its stake in JPMorgan Global Select Equity ETF by 35.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 540 shares of the company’s stock worth $38,000 after purchasing an additional 140 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in JPMorgan Global Select Equity ETF by 3.0% during the 1st quarter. NewEdge Advisors LLC now owns 12,683 shares of the company’s stock valued at $828,000 after buying an additional 373 shares in the last quarter. Gateway Wealth Partners LLC boosted its holdings in shares of JPMorgan Global Select Equity ETF by 156.2% in the first quarter. Gateway Wealth Partners LLC now owns 13,825 shares of the company’s stock valued at $902,000 after purchasing an additional 8,428 shares during the period. Ascension Capital Advisors Inc. bought a new position in shares of JPMorgan Global Select Equity ETF during the 1st quarter worth $349,000. Finally, Cetera Investment Advisers increased its position in JPMorgan Global Select Equity ETF by 12.0% during the 1st quarter. Cetera Investment Advisers now owns 274,866 shares of the company’s stock valued at $17,940,000 after purchasing an additional 29,474 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. The selection process integrates ESG factors. JGLO was launched on Sep 13, 2023 and is issued by JPMorgan Chase.