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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) shares saw unusually-high trading volume on Thursday . Approximately 3,843,314 shares changed hands during mid-day trading, an increase of 788% from the previous session’s volume of 432,677 shares.The stock last traded at $62.98 and had previously closed at $62.83.

JPMorgan Global Select Equity ETF Trading Down 1.1 %

The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 22.80 and a beta of 1.02. The stock’s fifty day moving average price is $62.40 and its two-hundred day moving average price is $60.64.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Global Select Equity ETF by 82.5% during the first quarter. JPMorgan Chase & Co. now owns 34,749,977 shares of the company’s stock worth $1,994,996,000 after purchasing an additional 15,704,869 shares during the last quarter. Prudential PLC acquired a new stake in shares of JPMorgan Global Select Equity ETF in the second quarter valued at approximately $48,199,000. LPL Financial LLC boosted its holdings in shares of JPMorgan Global Select Equity ETF by 59.0% in the second quarter. LPL Financial LLC now owns 1,366,291 shares of the company’s stock valued at $82,524,000 after acquiring an additional 507,256 shares during the period. Envestnet Asset Management Inc. grew its position in shares of JPMorgan Global Select Equity ETF by 114.8% during the second quarter. Envestnet Asset Management Inc. now owns 700,226 shares of the company’s stock worth $42,294,000 after acquiring an additional 374,299 shares during the last quarter. Finally, Daymark Wealth Partners LLC raised its position in JPMorgan Global Select Equity ETF by 156.6% in the 2nd quarter. Daymark Wealth Partners LLC now owns 282,513 shares of the company’s stock valued at $17,064,000 after purchasing an additional 172,426 shares during 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.