Echo Wealth Management LLC Reduces Position in JPMorgan Active Growth ETF $JGRO

Echo Wealth Management LLC lowered its stake in shares of JPMorgan Active Growth ETF (NYSEARCA:JGRO) by 15.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 56,694 shares of the company’s stock after selling 10,283 shares during the period. JPMorgan Active Growth ETF makes up approximately 2.8% of Echo Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. Echo Wealth Management LLC owned about 0.06% of JPMorgan Active Growth ETF worth $4,792,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. MAI Capital Management purchased a new stake in shares of JPMorgan Active Growth ETF in the third quarter worth approximately $25,000. Pflug Koory LLC bought a new position in shares of JPMorgan Active Growth ETF in the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of JPMorgan Active Growth ETF during the fourth quarter valued at approximately $28,000. O Shaughnessy Asset Management LLC boosted its position in shares of JPMorgan Active Growth ETF by 59.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 303 shares of the company’s stock valued at $28,000 after buying an additional 113 shares during the last quarter. Finally, Harbor Asset Planning Inc. bought a new stake in JPMorgan Active Growth ETF during the fourth quarter worth $34,000.

JPMorgan Active Growth ETF Trading Down 1.0%

NYSEARCA JGRO opened at $94.05 on Friday. The firm has a market capitalization of $9.43 billion, a P/E ratio of 35.50 and a beta of 1.09. The business has a fifty day simple moving average of $95.89 and a 200 day simple moving average of $91.99. JPMorgan Active Growth ETF has a 12 month low of $81.16 and a 12 month high of $99.73.

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.