JPMorgan Active Growth ETF $JGRO Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management reduced its stake in JPMorgan Active Growth ETF (NYSEARCA:JGRO) by 76.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,414 shares of the company’s stock after selling 130,981 shares during the period. JPMorgan Active Growth ETF makes up about 2.2% of Financial Advocates Investment Management’s holdings, making the stock its 13th largest holding. Financial Advocates Investment Management’s holdings in JPMorgan Active Growth ETF were worth $3,883,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Riverstone Advisors LLC acquired a new position in shares of JPMorgan Active Growth ETF during the second quarter worth about $275,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in JPMorgan Active Growth ETF in the third quarter valued at approximately $1,867,000. Ascent Group LLC lifted its stake in JPMorgan Active Growth ETF by 92.4% in the third quarter. Ascent Group LLC now owns 36,538 shares of the company’s stock worth $3,425,000 after acquiring an additional 17,550 shares during the last quarter. Daymark Wealth Partners LLC grew its holdings in JPMorgan Active Growth ETF by 4.5% during the 3rd quarter. Daymark Wealth Partners LLC now owns 373,145 shares of the company’s stock worth $34,982,000 after acquiring an additional 16,156 shares in the last quarter. Finally, Formidable Asset Management LLC increased its position in shares of JPMorgan Active Growth ETF by 18.3% in the 3rd quarter. Formidable Asset Management LLC now owns 60,527 shares of the company’s stock valued at $5,210,000 after purchasing an additional 9,342 shares during the last quarter.

JPMorgan Active Growth ETF Trading Down 1.9%

Shares of JGRO opened at $88.21 on Friday. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 35.50 and a beta of 1.09. The firm’s fifty day simple moving average is $92.37 and its 200-day simple moving average is $92.15. JPMorgan Active Growth ETF has a twelve month low of $63.33 and a twelve month high of $97.91.

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.