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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) saw unusually-strong trading volume on Wednesday . Approximately 644,241 shares changed hands during trading, an increase of 85% from the previous session’s volume of 348,391 shares.The stock last traded at $62.31 and had previously closed at $62.40.

JPMorgan Global Select Equity ETF Stock Up 0.2 %

The stock has a 50-day simple moving average of $60.93 and a two-hundred day simple moving average of $59.50. The firm has a market cap of $4.71 billion, a PE ratio of 22.80 and a beta of 1.02.

Institutional Investors Weigh In On JPMorgan Global Select Equity ETF

A number of large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of JPMorgan Global Select Equity ETF in the second quarter worth about $298,000. Jane Street Group LLC increased its holdings in shares of JPMorgan Global Select Equity ETF by 438.4% in the first quarter. Jane Street Group LLC now owns 91,816 shares of the company’s stock worth $5,271,000 after buying an additional 74,762 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of JPMorgan Global Select Equity ETF by 120.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 27,913 shares of the company’s stock worth $1,686,000 after buying an additional 15,225 shares during the period. Prudential PLC bought a new stake in shares of JPMorgan Global Select Equity ETF in the second quarter worth about $48,199,000. Finally, Gateway Wealth Partners LLC bought a new stake in shares of JPMorgan Global Select Equity ETF in the second quarter worth about $681,000.

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.