American Trust Makes New $52.26 Million Investment in JPMorgan Active Growth ETF (NYSEARCA:JGRO)

American Trust purchased a new stake in JPMorgan Active Growth ETF (NYSEARCA:JGRO) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 695,401 shares of the company’s stock, valued at approximately $52,259,000. JPMorgan Active Growth ETF accounts for approximately 4.3% of American Trust’s holdings, making the stock its 8th biggest holding. American Trust owned 3.08% of JPMorgan Active Growth ETF at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Continuum Advisory LLC bought a new position in JPMorgan Active Growth ETF during the 2nd quarter worth about $82,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of JPMorgan Active Growth ETF by 23.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company’s stock worth $97,000 after buying an additional 266 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in JPMorgan Active Growth ETF in the 2nd quarter valued at approximately $126,000. Parallel Advisors LLC lifted its stake in JPMorgan Active Growth ETF by 60.2% in the 4th quarter. Parallel Advisors LLC now owns 1,996 shares of the company’s stock valued at $122,000 after acquiring an additional 750 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in JPMorgan Active Growth ETF in the 1st quarter valued at approximately $201,000.

JPMorgan Active Growth ETF Stock Down 1.2 %

Shares of JGRO opened at $75.96 on Wednesday. The company has a 50 day moving average of $73.58 and a 200-day moving average of $72.44. The stock has a market capitalization of $1.72 billion, a P/E ratio of 39.06 and a beta of 1.33. JPMorgan Active Growth ETF has a twelve month low of $51.21 and a twelve month high of $78.28.

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.