Financial Advocates Investment Management Has $14.84 Million Stock Position in JPMorgan Active Growth ETF $JGRO

Financial Advocates Investment Management lowered its position in JPMorgan Active Growth ETF (NYSEARCA:JGRO) by 7.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 172,395 shares of the company’s stock after selling 13,506 shares during the period. JPMorgan Active Growth ETF makes up about 1.2% of Financial Advocates Investment Management’s portfolio, making the stock its 14th largest position. Financial Advocates Investment Management’s holdings in JPMorgan Active Growth ETF were worth $14,838,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in JGRO. Capital Analysts LLC acquired a new position in JPMorgan Active Growth ETF in the first quarter valued at about $52,000. Opal Wealth Advisors LLC raised its position in shares of JPMorgan Active Growth ETF by 29.0% during the second quarter. Opal Wealth Advisors LLC now owns 733 shares of the company’s stock worth $63,000 after purchasing an additional 165 shares during the period. AE Wealth Management LLC lifted its holdings in shares of JPMorgan Active Growth ETF by 240.9% during the 2nd quarter. AE Wealth Management LLC now owns 934 shares of the company’s stock valued at $80,000 after purchasing an additional 660 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of JPMorgan Active Growth ETF during the 1st quarter valued at about $99,000. Finally, Crewe Advisors LLC grew its position in shares of JPMorgan Active Growth ETF by 103.6% in the 2nd quarter. Crewe Advisors LLC now owns 1,771 shares of the company’s stock valued at $152,000 after purchasing an additional 901 shares during the period.

JPMorgan Active Growth ETF Stock Performance

NYSEARCA JGRO opened at $92.05 on Tuesday. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 35.50 and a beta of 1.09. The business has a 50 day simple moving average of $93.70 and a 200 day simple moving average of $88.50. JPMorgan Active Growth ETF has a 52-week low of $63.33 and a 52-week high of $97.91.

About JPMorgan Active Growth ETF

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.