JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Hits New 1-Year High – What’s Next?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $63.92 and last traded at $63.91, with a volume of 256 shares. The stock had previously closed at $63.77.

JPMorgan Global Select Equity ETF Price Performance

The business has a 50 day moving average price of $62.81 and a 200 day moving average price of $61.16. The firm has a market capitalization of $5.05 billion, a P/E ratio of 22.80 and a beta of 1.02.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in JGLO. UMB Bank n.a. bought a new position in JPMorgan Global Select Equity ETF during the second quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in JPMorgan Global Select Equity ETF during the second quarter valued at approximately $78,000. Wealth Enhancement Advisory Services LLC acquired a new stake in JPMorgan Global Select Equity ETF during the second quarter valued at approximately $298,000. CWM LLC acquired a new stake in JPMorgan Global Select Equity ETF during the third quarter valued at approximately $364,000. Finally, Richardson Financial Services Inc. boosted its holdings in JPMorgan Global Select Equity ETF by 36.1% during the second quarter. Richardson Financial Services Inc. now owns 6,363 shares of the company’s stock valued at $384,000 after purchasing an additional 1,687 shares in the last quarter.

About JPMorgan Global Select Equity ETF

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.