Drive Wealth Management LLC Makes New $318,000 Investment in JPMorgan Active Growth ETF (NYSEARCA:JGRO)

Drive Wealth Management LLC purchased a new position in JPMorgan Active Growth ETF (NYSEARCA:JGRO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,928 shares of the company’s stock, valued at approximately $318,000.

A number of other large investors have also added to or reduced their stakes in JGRO. Renaissance Technologies LLC purchased a new stake in shares of JPMorgan Active Growth ETF in the 2nd quarter worth about $1,082,000. NewEdge Advisors LLC lifted its position in shares of JPMorgan Active Growth ETF by 34.1% in the 2nd quarter. NewEdge Advisors LLC now owns 16,700 shares of the company’s stock worth $1,255,000 after purchasing an additional 4,245 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of JPMorgan Active Growth ETF in the 2nd quarter worth about $225,000. Cetera Investment Advisers lifted its position in JPMorgan Active Growth ETF by 115.7% during the 2nd quarter. Cetera Investment Advisers now owns 78,144 shares of the company’s stock valued at $5,873,000 after acquiring an additional 41,909 shares during the period. Finally, Founders Financial Alliance LLC purchased a new position in JPMorgan Active Growth ETF during the 2nd quarter valued at about $245,000.

JPMorgan Active Growth ETF Price Performance

Shares of NYSEARCA JGRO opened at $82.34 on Tuesday. JPMorgan Active Growth ETF has a 1 year low of $63.26 and a 1 year high of $85.56. The stock has a market cap of $1.86 billion, a P/E ratio of 39.06 and a beta of 1.33. The firm has a 50-day moving average of $82.43 and a 200 day moving average of $78.01.

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.