JPMorgan Active Growth ETF (NYSEARCA:JGRO) Sees Large Volume Increase – Should You Buy?

Shares of JPMorgan Active Growth ETF (NYSEARCA:JGRO) saw unusually-high trading volume on Thursday . 2,175,217 shares traded hands during mid-day trading, an increase of 275% from the previous session’s volume of 579,857 shares.The stock last traded at $93.28 and had previously closed at $94.58.

JPMorgan Active Growth ETF Price Performance

The firm’s fifty day moving average price is $96.30 and its 200-day moving average price is $92.22. The company has a market cap of $9.49 billion, a price-to-earnings ratio of 35.50 and a beta of 1.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Orrstown Financial Services Inc. grew its position in JPMorgan Active Growth ETF by 3.0% in the 2nd quarter. Orrstown Financial Services Inc. now owns 242,047 shares of the company’s stock worth $23,863,000 after purchasing an additional 7,055 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of JPMorgan Active Growth ETF by 18.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17,733 shares of the company’s stock valued at $1,748,000 after buying an additional 2,753 shares during the last quarter. Sprinkle Financial Consultants LLC boosted its position in shares of JPMorgan Active Growth ETF by 4.6% during the second quarter. Sprinkle Financial Consultants LLC now owns 190,225 shares of the company’s stock worth $18,755,000 after buying an additional 8,357 shares during the period. Bill Few Associates Inc. grew its holdings in JPMorgan Active Growth ETF by 1.5% in the 2nd quarter. Bill Few Associates Inc. now owns 26,233 shares of the company’s stock worth $2,586,000 after buying an additional 379 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC bought a new position in JPMorgan Active Growth ETF in the 2nd quarter worth approximately $389,000.

JPMorgan Active Growth ETF Company Profile

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.