Geneos Wealth Management Inc. Reduces Holdings in JPMorgan Active Growth ETF $JGRO

Geneos Wealth Management Inc. trimmed its stake in JPMorgan Active Growth ETF (NYSEARCA:JGRO) by 6.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 104,030 shares of the company’s stock after selling 7,573 shares during the period. Geneos Wealth Management Inc.’s holdings in JPMorgan Active Growth ETF were worth $7,676,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in shares of JPMorgan Active Growth ETF by 0.6% in the 1st quarter. JPMorgan Chase & Co. now owns 8,585,389 shares of the company’s stock valued at $633,516,000 after buying an additional 47,387 shares during the last quarter. LPL Financial LLC grew its position in shares of JPMorgan Active Growth ETF by 21.1% in the 1st quarter. LPL Financial LLC now owns 4,413,268 shares of the company’s stock valued at $325,655,000 after buying an additional 769,365 shares during the last quarter. Ameriprise Financial Inc. grew its position in JPMorgan Active Growth ETF by 23.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,302,088 shares of the company’s stock worth $317,441,000 after purchasing an additional 829,024 shares during the last quarter. Raymond James Financial Inc. grew its position in JPMorgan Active Growth ETF by 33.5% during the 1st quarter. Raymond James Financial Inc. now owns 1,488,837 shares of the company’s stock worth $109,861,000 after purchasing an additional 373,951 shares during the last quarter. Finally, CWM LLC grew its position in JPMorgan Active Growth ETF by 33.5% during the 1st quarter. CWM LLC now owns 1,334,647 shares of the company’s stock worth $98,484,000 after purchasing an additional 335,092 shares during the last quarter.

JPMorgan Active Growth ETF Stock Performance

JGRO stock opened at $90.95 on Wednesday. JPMorgan Active Growth ETF has a one year low of $63.33 and a one year high of $90.98. The stock has a market capitalization of $6.99 billion, a PE ratio of 35.50 and a beta of -1.23. The company has a fifty day moving average of $88.13 and a 200-day moving average of $81.07.

JPMorgan Active Growth ETF 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.