MLG Wealth Management DBA Pine Grove Financial Group Has $15.23 Million Position in JPMorgan ActiveBuilders Emerging Markets Equity ETF $JEMA

MLG Wealth Management DBA Pine Grove Financial Group cut its holdings in JPMorgan ActiveBuilders Emerging Markets Equity ETF (NASDAQ:JEMA) by 3.9% during the second quarter, Holdings Channel.com reports. The fund owned 237,797 shares of the company’s stock after selling 9,602 shares during the period. JPMorgan ActiveBuilders Emerging Markets Equity ETF comprises about 1.5% of MLG Wealth Management DBA Pine Grove Financial Group’s holdings, making the stock its 16th largest holding. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in JPMorgan ActiveBuilders Emerging Markets Equity ETF were worth $15,227,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Citadel Advisors LLC boosted its position in shares of JPMorgan ActiveBuilders Emerging Markets Equity ETF by 91.1% in the 2nd quarter. Citadel Advisors LLC now owns 33,277 shares of the company’s stock worth $2,126,000 after purchasing an additional 15,865 shares during the last quarter. Endeavor Private Wealth Inc. bought a new position in JPMorgan ActiveBuilders Emerging Markets Equity ETF during the second quarter worth about $240,000. Unique Wealth LLC boosted its holdings in JPMorgan ActiveBuilders Emerging Markets Equity ETF by 55.2% during the second quarter. Unique Wealth LLC now owns 19,375 shares of the company’s stock worth $1,238,000 after buying an additional 6,888 shares during the last quarter. Hopwood Nicholas Hunter acquired a new position in shares of JPMorgan ActiveBuilders Emerging Markets Equity ETF during the 2nd quarter worth about $1,615,000. Finally, First Bank & Trust increased its stake in shares of JPMorgan ActiveBuilders Emerging Markets Equity ETF by 13.1% in the 2nd quarter. First Bank & Trust now owns 21,427 shares of the company’s stock valued at $1,369,000 after acquiring an additional 2,489 shares during the last quarter.

JPMorgan ActiveBuilders Emerging Markets Equity ETF Price Performance

Shares of NASDAQ:JEMA opened at $63.74 on Tuesday. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 15.19 and a beta of 0.77. The firm’s 50 day simple moving average is $61.15 and its 200 day simple moving average is $59.18. JPMorgan ActiveBuilders Emerging Markets Equity ETF has a fifty-two week low of $44.95 and a fifty-two week high of $66.68.

JPMorgan ActiveBuilders Emerging Markets Equity ETF Profile

The JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund is an actively-managed fund utilizing emerging market equity strategies across countries, regions, styles, and market capitalizations. JEMA was launched on Mar 10, 2021 and is managed by JPMorgan Chase.