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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) shares saw unusually-high trading volume on Monday . Approximately 3,792,116 shares were traded during mid-day trading, an increase of 1,454% from the previous session’s volume of 244,002 shares.The stock last traded at $53.36 and had previously closed at $53.94.

JPMorgan Global Select Equity ETF Stock Performance

The company has a market capitalization of $6.00 billion, a P/E ratio of 24.88 and a beta of 1.02. The company has a 50-day simple moving average of $60.64 and a 200 day simple moving average of $61.67.

Institutional Trading of JPMorgan Global Select Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Securities Inc. bought a new stake in shares of JPMorgan Global Select Equity ETF in the fourth quarter valued at about $49,000. Mascagni Wealth Management Inc. bought a new stake in shares of JPMorgan Global Select Equity ETF in the 4th quarter worth approximately $70,000. HighTower Advisors LLC acquired a new stake in shares of JPMorgan Global Select Equity ETF during the 4th quarter worth approximately $205,000. Advisory Services Network LLC bought a new stake in shares of JPMorgan Global Select Equity ETF during the fourth quarter valued at approximately $213,000. Finally, Marshall Wace LLP acquired a new position in shares of JPMorgan Global Select Equity ETF in the fourth quarter valued at $267,000.

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.