Cabot Wealth Management Inc. Buys New Position in JPMorgan Active Growth ETF $JGRO

Cabot Wealth Management Inc. bought a new stake in JPMorgan Active Growth ETF (NYSEARCA:JGRO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,023 shares of the company’s stock, valued at approximately $1,354,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JGRO. TD Waterhouse Canada Inc. increased its position in JPMorgan Active Growth ETF by 114.1% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 486 shares of the company’s stock worth $47,000 after buying an additional 259 shares during the period. Community Bank N.A. acquired a new position in shares of JPMorgan Active Growth ETF during the second quarter worth approximately $59,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of JPMorgan Active Growth ETF by 359.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 606 shares of the company’s stock worth $59,000 after buying an additional 474 shares during the last quarter. Cornerstone Planning Group LLC bought a new stake in shares of JPMorgan Active Growth ETF in the first quarter valued at approximately $84,000. Finally, Centaurus Financial Inc. bought a new stake in shares of JPMorgan Active Growth ETF in the first quarter valued at approximately $123,000.

JPMorgan Active Growth ETF Trading Up 2.0%

Shares of JPMorgan Active Growth ETF stock opened at $90.12 on Thursday. The company’s fifty day simple moving average is $94.25 and its 200-day simple moving average is $92.95. The company has a market cap of $9.43 billion, a price-to-earnings ratio of 27.74 and a beta of 1.11. JPMorgan Active Growth ETF has a 1 year low of $81.16 and a 1 year high of $99.73.

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.