Modern Wealth Management LLC Makes New Investment in JPMorgan Active Growth ETF (NYSEARCA:JGRO)

Modern Wealth Management LLC bought a new stake in JPMorgan Active Growth ETF (NYSEARCA:JGRO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 62,717 shares of the company’s stock, valued at approximately $5,286,000. Modern Wealth Management LLC owned 0.28% of JPMorgan Active Growth ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Financial Concepts LLC boosted its holdings in JPMorgan Active Growth ETF by 14,999.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,247,244 shares of the company’s stock valued at $182,094,000 after acquiring an additional 2,232,361 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of JPMorgan Active Growth ETF in the 4th quarter valued at about $90,339,000. LPL Financial LLC grew its position in shares of JPMorgan Active Growth ETF by 43.2% during the 4th quarter. LPL Financial LLC now owns 3,643,903 shares of the company’s stock worth $295,265,000 after buying an additional 1,099,313 shares during the period. Kestra Advisory Services LLC grew its position in shares of JPMorgan Active Growth ETF by 344.4% during the 4th quarter. Kestra Advisory Services LLC now owns 612,412 shares of the company’s stock worth $49,624,000 after buying an additional 474,617 shares during the period. Finally, Captrust Financial Advisors raised its stake in shares of JPMorgan Active Growth ETF by 13.1% during the third quarter. Captrust Financial Advisors now owns 2,969,793 shares of the company’s stock worth $228,317,000 after buying an additional 344,491 shares during the last quarter.

JPMorgan Active Growth ETF Stock Performance

Shares of JGRO stock opened at $77.30 on Tuesday. The firm’s 50 day moving average price is $80.84 and its two-hundred day moving average price is $80.02. JPMorgan Active Growth ETF has a 52-week low of $65.31 and a 52-week high of $85.56. The stock has a market cap of $4.95 billion, a PE ratio of 31.19 and a beta of 1.06.

JPMorgan Active Growth ETF Company Profile

The Jpmorgan Active Growth ETF (JGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to invest in US large-cap companies perceived to have strong earnings growth potential. JGRO was launched on Aug 8, 2022 and is managed by JPMorgan Chase.