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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) saw strong trading volume on Friday . 205,323 shares changed hands during mid-day 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 Stock Performance

The company’s fifty day moving average is $67.84 and its two-hundred day moving average is $67.06. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 23.79 and a beta of 0.90.

JPMorgan Global Select Equity ETF Dividend Announcement

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

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 the business. Econ Financial Services Corp purchased a new position in shares of JPMorgan Global Select Equity ETF during the fourth quarter valued at approximately $3,324,000. ORG Partners LLC grew its holdings in JPMorgan Global Select Equity ETF by 18.0% during the 4th quarter. ORG Partners LLC now owns 7,035 shares of the company’s stock valued at $476,000 after buying an additional 1,075 shares in the last quarter. Arlington Financial Advisors LLC boosted its holdings in shares of JPMorgan Global Select Equity ETF by 3.2% in the 4th quarter. Arlington Financial Advisors LLC now owns 317,216 shares of the company’s stock worth $21,466,000 after purchasing an additional 9,819 shares during the period. Signet Financial Management LLC lifted its holdings in JPMorgan Global Select Equity ETF by 35.1% during the 4th 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 in the last quarter. Finally, Lake Street Private Wealth LLC lifted its holdings in shares of JPMorgan Global Select Equity ETF by 1.3% during the fourth quarter. Lake Street Private Wealth LLC now owns 12,676 shares of the company’s stock worth $858,000 after purchasing an additional 163 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.