On December 18, 2023, the **JPMorgan Global Select Equity ETF** (NASDAQ:JGLO) experienced a significant increase in trading activity. Approximately **391,258 shares** changed hands, marking a **64% rise** from the previous day’s volume of **237,943 shares**. The ETF’s stock price closed at **$68.73**, up from its previous close of **$68.54**.
Investors are paying close attention to the ETF’s performance. The fund exhibits a **50-day moving average price** of **$67.73** and a **200-day moving average price** of **$66.79**. With a **market capitalization** of **$7.24 billion** and a **price-to-earnings (P/E) ratio** of **23.79**, it shows potential for growth. The ETF has a **beta of 0.90**, indicating a lower volatility compared to the broader market.
Dividend Announcement and Yield
In addition to its trading activity, the **JPMorgan Global Select Equity ETF** recently declared an annual dividend. This dividend, amounting to **$0.8129 per share**, was distributed on **December 18, 2023**. Shareholders of record as of **December 16, 2023** received this payment, resulting in a remarkable **dividend yield of 121.0%**.
The ex-dividend date for this distribution also fell on **December 16, 2023**, providing an opportunity for investors to benefit from the ETF’s income-generating potential.
About the ETF
The **JPMorgan Global Select Equity ETF** is designed to invest predominantly in total market equities. Launched on **September 13, 2023**, the fund seeks long-term capital appreciation through active management. It invests in stocks across various capitalizations in both developed and emerging markets. Notably, the selection process integrates **Environmental, Social, and Governance (ESG)** factors, appealing to socially conscious investors.
As trading volumes increase and dividends are announced, market analysts will be closely monitoring the **JPMorgan Global Select Equity ETF** for further developments. This uptick in activity suggests heightened investor interest, making it a potential point of focus for those looking to diversify their portfolios.