JPMorgan Active Growth ETF (NYSEARCA:JGRO) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

JPMorgan Active Growth ETF (NYSEARCA:JGRO) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $93.07 and traded as high as $93.57. JPMorgan Active Growth ETF shares last traded at $93.12, with a volume of 387,493 shares changing hands.

JPMorgan Active Growth ETF Trading Up 0.6%

The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 35.50 and a beta of 1.09. The firm has a 50-day moving average of $95.14 and a 200-day moving average of $93.08.

Institutional Investors Weigh In On JPMorgan Active Growth ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its position in JPMorgan Active Growth ETF by 14.0% in the first quarter. Bank of America Corp DE now owns 2,231,576 shares of the company’s stock valued at $188,613,000 after buying an additional 274,085 shares during the last quarter. Royal Bank of Canada increased its holdings in JPMorgan Active Growth ETF by 6.5% in the 1st quarter. Royal Bank of Canada now owns 1,348,530 shares of the company’s stock worth $113,978,000 after buying an additional 82,289 shares during the period. Cetera Investment Advisers raised its position in JPMorgan Active Growth ETF by 123.2% during the 1st quarter. Cetera Investment Advisers now owns 1,196,206 shares of the company’s stock worth $101,103,000 after buying an additional 660,186 shares during the last quarter. Goldstein Advisors LLC raised its position in JPMorgan Active Growth ETF by 3.2% during the 3rd quarter. Goldstein Advisors LLC now owns 722,475 shares of the company’s stock worth $69,777,000 after buying an additional 22,120 shares during the last quarter. Finally, Avior Wealth Management LLC raised its position in JPMorgan Active Growth ETF by 1.9% during the 3rd quarter. Avior Wealth Management LLC now owns 702,205 shares of the company’s stock worth $67,819,000 after buying an additional 13,239 shares during the last quarter.

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.