Founders Financial Alliance LLC Grows Stake in JPMorgan Active Growth ETF $JGRO

Founders Financial Alliance LLC raised its holdings in shares of JPMorgan Active Growth ETF (NYSEARCA:JGRO) by 3,541.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,884 shares of the company’s stock after purchasing an additional 57,267 shares during the period. JPMorgan Active Growth ETF accounts for approximately 1.0% of Founders Financial Alliance LLC’s investment portfolio, making the stock its 18th biggest holding. Founders Financial Alliance LLC owned about 0.07% of JPMorgan Active Growth ETF worth $5,520,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in JPMorgan Active Growth ETF by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,469,817 shares of the company’s stock valued at $981,546,000 after buying an additional 1,118,113 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in shares of JPMorgan Active Growth ETF by 162.1% during the second quarter. Vestmark Advisory Solutions Inc. now owns 1,100,250 shares of the company’s stock valued at $94,699,000 after acquiring an additional 680,460 shares in the last quarter. Berman McAleer LLC purchased a new position in shares of JPMorgan Active Growth ETF in the 3rd quarter valued at approximately $41,172,000. Jones Financial Companies Lllp grew its position in JPMorgan Active Growth ETF by 20.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,122,912 shares of the company’s stock worth $197,388,000 after purchasing an additional 365,746 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in JPMorgan Active Growth ETF by 47.1% during the 2nd quarter. Osaic Holdings Inc. now owns 850,587 shares of the company’s stock worth $73,216,000 after purchasing an additional 272,429 shares during the last quarter.

JPMorgan Active Growth ETF Trading Down 0.4%

NYSEARCA JGRO opened at $87.89 on Tuesday. JPMorgan Active Growth ETF has a 12-month low of $63.33 and a 12-month high of $97.91. The company has a fifty day simple moving average of $92.10 and a two-hundred day simple moving average of $92.20. The stock has a market cap of $8.21 billion, a P/E 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.