Merited Wealth LLC Purchases 14,764 Shares of JPMorgan Active Growth ETF $JGRO

Merited Wealth LLC raised its holdings in shares of JPMorgan Active Growth ETF (NYSEARCA:JGRO) by 99.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 29,595 shares of the company’s stock after purchasing an additional 14,764 shares during the quarter. JPMorgan Active Growth ETF accounts for about 2.1% of Merited Wealth LLC’s portfolio, making the stock its 19th largest position. Merited Wealth LLC’s holdings in JPMorgan Active Growth ETF were worth $2,501,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. MAI Capital Management purchased a new stake in shares of JPMorgan Active Growth ETF in the third quarter worth approximately $25,000. Pflug Koory LLC purchased a new position in JPMorgan Active Growth ETF during the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC purchased a new position in JPMorgan Active Growth ETF during the 4th quarter valued at $28,000. O Shaughnessy Asset Management LLC boosted its holdings in JPMorgan Active Growth ETF by 59.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 303 shares of the company’s stock valued at $28,000 after acquiring an additional 113 shares during the period. Finally, Harbor Asset Planning Inc. bought a new position in JPMorgan Active Growth ETF in the 4th quarter valued at $34,000.

JPMorgan Active Growth ETF Stock Down 1.8%

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

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.