Financial Advocates Investment Management Boosts Holdings in JPMorgan Active Growth ETF (NYSEARCA:JGRO)

Financial Advocates Investment Management lifted its stake in JPMorgan Active Growth ETF (NYSEARCA:JGRO) by 0.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 169,987 shares of the company’s stock after buying an additional 1,056 shares during the quarter. JPMorgan Active Growth ETF accounts for approximately 0.8% of Financial Advocates Investment Management’s holdings, making the stock its 23rd largest position. Financial Advocates Investment Management’s holdings in JPMorgan Active Growth ETF were worth $13,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC increased its position in JPMorgan Active Growth ETF by 159.7% in the third quarter. Private Advisor Group LLC now owns 48,472 shares of the company’s stock worth $3,727,000 after purchasing an additional 29,809 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in JPMorgan Active Growth ETF during the fourth quarter worth $29,000. JPMorgan Chase & Co. increased its position in JPMorgan Active Growth ETF by 27.4% during the third quarter. JPMorgan Chase & Co. now owns 1,370,494 shares of the company’s stock valued at $105,364,000 after acquiring an additional 294,827 shares during the last quarter. Raymond James & Associates raised its stake in shares of JPMorgan Active Growth ETF by 104.8% in the third quarter. Raymond James & Associates now owns 340,728 shares of the company’s stock valued at $26,195,000 after acquiring an additional 174,356 shares during the period. Finally, Carnegie Investment Counsel bought a new stake in shares of JPMorgan Active Growth ETF in the 4th quarter worth about $1,347,000.

JPMorgan Active Growth ETF Trading Up 0.5 %

JGRO stock opened at $83.99 on Thursday. The stock has a market cap of $1.90 billion, a PE ratio of 39.06 and a beta of 1.33. JPMorgan Active Growth ETF has a 12 month low of $65.31 and a 12 month high of $85.56. The company has a 50-day moving average price of $82.87 and a 200 day moving average price of $78.42.

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.