JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sees Large Volume Increase – Should You Buy?

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) saw unusually-strong trading volume on Friday . Approximately 205,323 shares were traded during trading, an increase of 47% from the previous session’s volume of 139,337 shares.The stock last traded at $69.13 and had previously closed at $69.19.

JPMorgan Global Select Equity ETF Price Performance

The stock’s 50 day simple moving average is $67.88 and its two-hundred day simple moving average is $67.11. The firm has a market cap of $6.93 billion, a P/E ratio of 23.79 and a beta of 0.90.

JPMorgan Global Select Equity ETF Announces Dividend

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

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

A number of hedge funds have recently bought and sold shares of JGLO. Econ Financial Services Corp bought a new position in JPMorgan Global Select Equity ETF in the 4th quarter valued at approximately $3,324,000. ORG Partners LLC raised its stake in shares of JPMorgan Global Select Equity ETF by 18.0% in the fourth quarter. ORG Partners LLC now owns 7,035 shares of the company’s stock worth $476,000 after purchasing an additional 1,075 shares during the last quarter. Arlington Financial Advisors LLC lifted its holdings in shares of JPMorgan Global Select Equity ETF by 3.2% during the fourth quarter. Arlington Financial Advisors LLC now owns 317,216 shares of the company’s stock valued at $21,466,000 after purchasing an additional 9,819 shares in the last quarter. Signet Financial Management LLC boosted its position in shares of JPMorgan Global Select Equity ETF by 35.1% during the fourth quarter. Signet Financial Management LLC now owns 36,113 shares of the company’s stock valued at $2,444,000 after buying an additional 9,390 shares during the last quarter. Finally, Lake Street Private Wealth LLC increased its holdings in JPMorgan Global Select Equity ETF by 1.3% in the 4th quarter. Lake Street Private Wealth LLC now owns 12,676 shares of the company’s stock worth $858,000 after buying an additional 163 shares in 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.