JPMorgan Active Growth ETF $JGRO Shares Sold by Correct Capital Wealth Management

Correct Capital Wealth Management lowered its stake in shares of JPMorgan Active Growth ETF (NYSEARCA:JGRO) by 7.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 192,236 shares of the company’s stock after selling 15,979 shares during the quarter. JPMorgan Active Growth ETF comprises 3.3% of Correct Capital Wealth Management’s portfolio, making the stock its 10th largest holding. Correct Capital Wealth Management owned approximately 0.18% of JPMorgan Active Growth ETF worth $18,953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC bought a new position in shares of JPMorgan Active Growth ETF in the fourth quarter valued at approximately $28,000. O Shaughnessy Asset Management LLC lifted its stake in shares of JPMorgan Active Growth ETF by 59.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 303 shares of the company’s stock worth $28,000 after buying an additional 113 shares during the last quarter. Fairway Wealth LLC bought a new stake in shares of JPMorgan Active Growth ETF during the 4th quarter worth $35,000. Quadrant Capital Group LLC bought a new stake in shares of JPMorgan Active Growth ETF during the 4th quarter worth $38,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in JPMorgan Active Growth ETF in the 3rd quarter valued at $40,000.

JPMorgan Active Growth ETF Stock Performance

Shares of NYSEARCA:JGRO opened at $96.78 on Friday. The stock’s 50-day moving average is $94.95 and its 200-day moving average is $92.37. The company has a market cap of $10.11 billion, a P/E ratio of 35.50 and a beta of 1.10. JPMorgan Active Growth ETF has a 52-week low of $81.16 and a 52-week high of $99.73.

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.