Gateway Wealth Partners LLC Lowers Position in JPMorgan Active Growth ETF $JGRO

Gateway Wealth Partners LLC trimmed its holdings in shares of JPMorgan Active Growth ETF (NYSEARCA:JGRO) by 62.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,137 shares of the company’s stock after selling 10,377 shares during the period. Gateway Wealth Partners LLC’s holdings in JPMorgan Active Growth ETF were worth $605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new stake in shares of JPMorgan Active Growth ETF in the 2nd quarter valued at about $2,557,000. Qube Research & Technologies Ltd boosted its stake in shares of JPMorgan Active Growth ETF by 36.9% during the second quarter. Qube Research & Technologies Ltd now owns 32,806 shares of the company’s stock valued at $2,824,000 after purchasing an additional 8,845 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of JPMorgan Active Growth ETF by 3.1% during the second quarter. Raymond James Financial Inc. now owns 1,534,344 shares of the company’s stock valued at $132,061,000 after purchasing an additional 45,507 shares in the last quarter. Jane Street Group LLC bought a new position in shares of JPMorgan Active Growth ETF during the second quarter valued at approximately $5,569,000. Finally, Bank of America Corp DE increased its holdings in JPMorgan Active Growth ETF by 9.5% during the second quarter. Bank of America Corp DE now owns 1,610,252 shares of the company’s stock valued at $138,594,000 after buying an additional 140,188 shares during the period.

JPMorgan Active Growth ETF Stock Down 0.1%

Shares of NYSEARCA:JGRO opened at $96.78 on Friday. The company has a market capitalization of $10.11 billion, a price-to-earnings ratio of 35.50 and a beta of 1.10. JPMorgan Active Growth ETF has a 52 week low of $81.16 and a 52 week high of $99.73. The firm has a 50 day moving average of $94.95 and a 200 day moving average of $92.37.

JPMorgan Active Growth ETF 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.