Confluence Wealth Services Inc. Makes New Investment in JPMorgan Active Growth ETF (NYSEARCA:JGRO)

Confluence Wealth Services Inc. acquired a new stake in JPMorgan Active Growth ETF (NYSEARCA:JGRO) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,784 shares of the company’s stock, valued at approximately $406,000.

Several other large investors also recently modified their holdings of JGRO. Raymond James & Associates grew its position in shares of JPMorgan Active Growth ETF by 254.5% in the first quarter. Raymond James & Associates now owns 129,736 shares of the company’s stock valued at $9,109,000 after purchasing an additional 93,144 shares during the last quarter. Echo Wealth Management LLC grew its holdings in JPMorgan Active Growth ETF by 9.2% in the 1st quarter. Echo Wealth Management LLC now owns 31,478 shares of the company’s stock valued at $2,210,000 after buying an additional 2,655 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its position in JPMorgan Active Growth ETF by 19.1% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 10,847 shares of the company’s stock worth $762,000 after buying an additional 1,741 shares during the period. Westside Investment Management Inc. bought a new position in JPMorgan Active Growth ETF during the 1st quarter worth $244,000. Finally, Cobblestone Asset Management LLC acquired a new stake in shares of JPMorgan Active Growth ETF during the first quarter worth $226,000.

JPMorgan Active Growth ETF Stock Performance

Shares of JGRO stock traded down $1.09 on Tuesday, hitting $66.84. The company’s stock had a trading volume of 229,197 shares, compared to its average volume of 159,470. JPMorgan Active Growth ETF has a fifty-two week low of $48.16 and a fifty-two week high of $71.30. The company has a market capitalization of $1.40 billion, a PE ratio of 37.72 and a beta of 1.30. The stock’s 50 day moving average is $68.98 and its 200-day moving average is $63.16.

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.