JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Reaches New 52-Week High – Time to Buy?

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

JPMorgan Global Select Equity ETF Price Performance

The business has a fifty day moving average price of $62.86 and a two-hundred day moving average price of $61.19. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 22.80 and a beta of 1.02.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JGLO. Prudential PLC purchased a new position in shares of JPMorgan Global Select Equity ETF in the 2nd quarter valued at about $48,199,000. LPL Financial LLC raised its stake in shares of 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 buying an additional 507,256 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of JPMorgan Global Select Equity ETF by 114.8% during the 2nd 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. Daymark Wealth Partners LLC lifted its position in shares of JPMorgan Global Select Equity ETF by 156.6% during the 2nd quarter. Daymark Wealth Partners LLC now owns 282,513 shares of the company’s stock valued at $17,064,000 after buying an additional 172,426 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in JPMorgan Global Select Equity ETF by 55.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 322,559 shares of the company’s stock valued at $19,483,000 after acquiring an additional 115,046 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.