Allegheny Financial Group Raises Stake in JPMorgan Active Growth ETF $JGRO

Allegheny Financial Group grew its holdings in shares of JPMorgan Active Growth ETF (NYSEARCA:JGRO) by 482.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,110 shares of the company’s stock after acquiring an additional 57,241 shares during the quarter. JPMorgan Active Growth ETF accounts for approximately 1.2% of Allegheny Financial Group’s holdings, making the stock its 16th biggest holding. Allegheny Financial Group’s holdings in JPMorgan Active Growth ETF were worth $6,479,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in JGRO. Riverstone Advisors LLC bought a new position in shares of JPMorgan Active Growth ETF during the 2nd quarter valued at $275,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in JPMorgan Active Growth ETF in the third quarter worth $1,867,000. Ascent Group LLC boosted its position in JPMorgan Active Growth ETF by 92.4% during the third quarter. Ascent Group LLC now owns 36,538 shares of the company’s stock valued at $3,425,000 after buying an additional 17,550 shares during the period. Daymark Wealth Partners LLC grew its stake in shares of JPMorgan Active Growth ETF by 4.5% during the third quarter. Daymark Wealth Partners LLC now owns 373,145 shares of the company’s stock valued at $34,982,000 after buying an additional 16,156 shares during the last quarter. Finally, Formidable Asset Management LLC grew its stake in shares of JPMorgan Active Growth ETF by 18.3% during the third quarter. Formidable Asset Management LLC now owns 60,527 shares of the company’s stock valued at $5,210,000 after buying an additional 9,342 shares during the last quarter.

JPMorgan Active Growth ETF Trading Down 0.3%

NYSEARCA JGRO opened at $90.14 on Wednesday. JPMorgan Active Growth ETF has a 1-year low of $63.33 and a 1-year high of $97.91. The stock has a 50-day moving average of $92.58 and a 200-day moving average of $92.19. The firm has a market cap of $8.42 billion, a PE ratio of 35.50 and a beta of 1.09.

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.