MLG Wealth Management DBA Pine Grove Financial Group Has $15.23 Million Stake in JPMorgan ActiveBuilders Emerging Markets Equity ETF $JEMA

MLG Wealth Management DBA Pine Grove Financial Group lowered its stake in shares of JPMorgan ActiveBuilders Emerging Markets Equity ETF (NASDAQ:JEMA) by 3.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 237,797 shares of the company’s stock after selling 9,602 shares during the quarter. JPMorgan ActiveBuilders Emerging Markets Equity ETF makes up approximately 1.5% of MLG Wealth Management DBA Pine Grove Financial Group’s holdings, making the stock its 16th biggest holding. MLG Wealth Management DBA Pine Grove Financial Group owned about 0.87% of JPMorgan ActiveBuilders Emerging Markets Equity ETF worth $15,227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of JPMorgan ActiveBuilders Emerging Markets Equity ETF by 1,778.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 939 shares of the company’s stock valued at $46,000 after purchasing an additional 889 shares in the last quarter. Royal Bank of Canada acquired a new position in JPMorgan ActiveBuilders Emerging Markets Equity ETF during the 4th quarter worth $58,000. Advisory Services Network LLC acquired a new position in JPMorgan ActiveBuilders Emerging Markets Equity ETF during the 3rd quarter worth $59,000. Geneos Wealth Management Inc. boosted its position in JPMorgan ActiveBuilders Emerging Markets Equity ETF by 28.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,795 shares of the company’s stock valued at $69,000 after buying an additional 399 shares during the last quarter. Finally, Western Wealth Management LLC bought a new position in JPMorgan ActiveBuilders Emerging Markets Equity ETF in the 1st quarter valued at $86,000.

JPMorgan ActiveBuilders Emerging Markets Equity ETF Price Performance

JEMA stock opened at $63.74 on Tuesday. The company has a market cap of $1.74 billion, a P/E ratio of 15.19 and a beta of 0.77. JPMorgan ActiveBuilders Emerging Markets Equity ETF has a twelve month low of $44.95 and a twelve month high of $66.68. The business has a fifty day moving average of $61.15 and a 200-day moving average of $59.18.

JPMorgan ActiveBuilders Emerging Markets Equity ETF Profile

The JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund is an actively-managed fund utilizing emerging market equity strategies across countries, regions, styles, and market capitalizations. JEMA was launched on Mar 10, 2021 and is managed by JPMorgan Chase.