Penobscot Wealth Management Makes New $9.08 Million Investment in JPMorgan Active Growth ETF $JGRO

Penobscot Wealth Management acquired a new stake in JPMorgan Active Growth ETF (NYSEARCA:JGRO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 96,883 shares of the company’s stock, valued at approximately $9,083,000. JPMorgan Active Growth ETF comprises 2.9% of Penobscot Wealth Management’s portfolio, making the stock its 7th biggest position. Penobscot Wealth Management owned about 0.12% of JPMorgan Active Growth ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AE Wealth Management LLC increased its stake in JPMorgan Active Growth ETF by 240.9% in the second quarter. AE Wealth Management LLC now owns 934 shares of the company’s stock valued at $80,000 after purchasing an additional 660 shares during the last quarter. Cetera Investment Advisers grew its position in shares of JPMorgan Active Growth ETF by 20.1% in the 2nd quarter. Cetera Investment Advisers now owns 298,238 shares of the company’s stock valued at $25,669,000 after buying an additional 49,982 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in JPMorgan Active Growth ETF by 11.4% during the 2nd quarter. Kingsview Wealth Management LLC now owns 33,842 shares of the company’s stock worth $2,913,000 after acquiring an additional 3,472 shares in the last quarter. Western Wealth Management LLC lifted its position in JPMorgan Active Growth ETF by 8.6% in the second quarter. Western Wealth Management LLC now owns 4,303 shares of the company’s stock valued at $370,000 after acquiring an additional 340 shares during the last quarter. Finally, Purus Wealth Management LLC boosted its stake in JPMorgan Active Growth ETF by 1.0% in the second quarter. Purus Wealth Management LLC now owns 31,990 shares of the company’s stock valued at $2,753,000 after acquiring an additional 327 shares in the last quarter.

JPMorgan Active Growth ETF Stock Performance

JGRO opened at $87.03 on Wednesday. JPMorgan Active Growth ETF has a one year low of $63.33 and a one year high of $97.91. The stock has a market capitalization of $8.13 billion, a P/E ratio of 35.50 and a beta of 1.09. The business’s 50-day simple moving average is $89.92 and its 200-day simple moving average is $92.09.

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.