Belpointe Asset Management LLC Takes $1.93 Million Position in JPMorgan Active Growth ETF (NYSEARCA:JGRO)

Belpointe Asset Management LLC purchased a new position in shares of JPMorgan Active Growth ETF (NYSEARCA:JGRO) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 23,764 shares of the company’s stock, valued at approximately $1,926,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in JPMorgan Active Growth ETF during the 3rd quarter worth approximately $841,000. World Investment Advisors LLC grew its holdings in JPMorgan Active Growth ETF by 8.7% during the third quarter. World Investment Advisors LLC now owns 4,170 shares of the company’s stock worth $321,000 after acquiring an additional 335 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in JPMorgan Active Growth ETF by 28.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 3,859 shares of the company’s stock worth $294,000 after acquiring an additional 864 shares during the period. JPMorgan Chase & Co. raised its position in JPMorgan Active Growth ETF by 27.4% in the third quarter. JPMorgan Chase & Co. now owns 1,370,494 shares of the company’s stock worth $105,364,000 after acquiring an additional 294,827 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in JPMorgan Active Growth ETF in the fourth quarter valued at $222,000.

JPMorgan Active Growth ETF Stock Up 0.5 %

NYSEARCA:JGRO opened at $71.71 on Tuesday. The firm’s fifty day simple moving average is $76.94 and its 200-day simple moving average is $79.62. The stock has a market cap of $4.78 billion, a PE ratio of 29.87 and a beta of 1.09. JPMorgan Active Growth ETF has a fifty-two week low of $63.33 and a fifty-two week high of $85.56.

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.