Berman McAleer LLC Makes New $41.17 Million Investment in JPMorgan Active Growth ETF $JGRO

Berman McAleer LLC bought a new stake in JPMorgan Active Growth ETF (NYSEARCA:JGRO) in the 3rd quarter, Holdings Channel.com reports. The firm bought 439,168 shares of the company’s stock, valued at approximately $41,172,000. JPMorgan Active Growth ETF accounts for about 5.8% of Berman McAleer LLC’s portfolio, making the stock its 6th largest position.

Several other institutional investors have also added to or reduced their stakes in JGRO. GAMMA Investing LLC bought a new position in shares of JPMorgan Active Growth ETF in the 3rd quarter worth $28,000. Total Investment Management Inc. purchased a new stake in shares of JPMorgan Active Growth ETF in the 2nd quarter valued at $30,000. Wilmington Savings Fund Society FSB bought a new stake in JPMorgan Active Growth ETF in the 3rd quarter worth $40,000. Steigerwald Gordon & Koch Inc. bought a new position in JPMorgan Active Growth ETF in the third quarter worth about $59,000. Finally, AE Wealth Management LLC raised its holdings in JPMorgan Active Growth ETF by 240.9% in the 2nd quarter. AE Wealth Management LLC now owns 934 shares of the company’s stock worth $80,000 after acquiring an additional 660 shares during the last quarter.

JPMorgan Active Growth ETF Stock Down 0.9%

NYSEARCA JGRO opened at $91.27 on Friday. JPMorgan Active Growth ETF has a 52 week low of $63.33 and a 52 week high of $97.91. The stock’s 50-day moving average price is $93.09 and its 200-day moving average price is $91.99. The company has a market capitalization of $8.48 billion, a P/E ratio of 35.50 and a beta of 1.09.

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.