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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) shares saw unusually-high trading volume on Monday . Approximately 976,585 shares traded hands during trading, an increase of 420% from the previous session’s volume of 187,922 shares.The stock last traded at $65.40 and had previously closed at $64.17.

JPMorgan Global Select Equity ETF Stock Performance

The company’s fifty day simple moving average is $68.47 and its two-hundred day simple moving average is $67.96. The stock has a market capitalization of $6.58 billion, a P/E ratio of 23.79 and a beta of 0.90.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

A number of large investors have recently made changes to their positions in the company. Jane Street Group LLC grew its stake in JPMorgan Global Select Equity ETF by 6,481.6% during the fourth quarter. Jane Street Group LLC now owns 5,375,353 shares of the company’s stock worth $363,750,000 after buying an additional 5,293,681 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of JPMorgan Global Select Equity ETF by 156.0% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 540,156 shares of the company’s stock worth $36,606,000 after acquiring an additional 329,183 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of JPMorgan Global Select Equity ETF by 1,001.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 196,189 shares of the company’s stock worth $13,296,000 after acquiring an additional 178,375 shares during the period. Susquehanna International Group LLP boosted its position in shares of JPMorgan Global Select Equity ETF by 70.5% during the 3rd quarter. Susquehanna International Group LLP now owns 321,172 shares of the company’s stock worth $21,766,000 after acquiring an additional 132,825 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of JPMorgan Global Select Equity ETF by 499.6% during the 2nd quarter. Osaic Holdings Inc. now owns 158,896 shares of the company’s stock worth $9,510,000 after acquiring an additional 132,395 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.