Merited Wealth LLC Raises Position in JPMorgan Active Growth ETF $JGRO

Merited Wealth LLC grew its stake in JPMorgan Active Growth ETF (NYSEARCA:JGRO) by 99.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,595 shares of the company’s stock after purchasing an additional 14,764 shares during the period. JPMorgan Active Growth ETF makes up about 2.1% of Merited Wealth LLC’s portfolio, making the stock its 19th biggest position. Merited Wealth LLC’s holdings in JPMorgan Active Growth ETF were worth $2,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Echo Wealth Management LLC increased its position in shares of JPMorgan Active Growth ETF by 37.2% during the 4th quarter. Echo Wealth Management LLC now owns 66,977 shares of the company’s stock valued at $6,215,000 after purchasing an additional 18,168 shares during the last quarter. Arwa LLC bought a new stake in JPMorgan Active Growth ETF in the fourth quarter worth $1,147,000. Steph & Co. lifted its position in JPMorgan Active Growth ETF by 4.0% in the first quarter. Steph & Co. now owns 517,947 shares of the company’s stock worth $43,777,000 after buying an additional 19,759 shares during the last quarter. 5T Wealth LLC boosted its stake in JPMorgan Active Growth ETF by 26.4% during the fourth quarter. 5T Wealth LLC now owns 38,210 shares of the company’s stock worth $3,546,000 after buying an additional 7,986 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in JPMorgan Active Growth ETF during the fourth quarter worth $31,059,000.

JPMorgan Active Growth ETF Stock Down 1.8%

JGRO stock opened at $96.85 on Thursday. JPMorgan Active Growth ETF has a twelve month low of $81.16 and a twelve month high of $99.73. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 35.50 and a beta of 1.09. The firm’s fifty day simple moving average is $96.18 and its two-hundred day simple moving average is $92.02.

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.