Westside Investment Management Inc. Decreases Stock Holdings in JPMorgan Active Growth ETF (NYSEARCA:JGRO)

Westside Investment Management Inc. cut its stake in JPMorgan Active Growth ETF (NYSEARCA:JGRO) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,627 shares of the company’s stock after selling 192 shares during the period. Westside Investment Management Inc.’s holdings in JPMorgan Active Growth ETF were worth $294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in JGRO. Daymark Wealth Partners LLC grew its holdings in JPMorgan Active Growth ETF by 0.8% in the 4th quarter. Daymark Wealth Partners LLC now owns 273,813 shares of the company’s stock valued at $22,187,000 after buying an additional 2,156 shares in the last quarter. Purus Wealth Management LLC acquired a new position in shares of JPMorgan Active Growth ETF during the 4th quarter valued at about $2,583,000. Cambridge Advisors Inc. purchased a new stake in shares of JPMorgan Active Growth ETF in the fourth quarter valued at about $1,270,000. Ameritas Advisory Services LLC increased its position in JPMorgan Active Growth ETF by 1.9% during the fourth quarter. Ameritas Advisory Services LLC now owns 8,331 shares of the company’s stock worth $675,000 after purchasing an additional 152 shares during the last quarter. Finally, Lake Street Private Wealth LLC raised its stake in JPMorgan Active Growth ETF by 7.5% during the fourth quarter. Lake Street Private Wealth LLC now owns 11,626 shares of the company’s stock worth $942,000 after purchasing an additional 810 shares during the period.

JPMorgan Active Growth ETF Price Performance

JPMorgan Active Growth ETF stock opened at $84.84 on Wednesday. The firm has a 50 day simple moving average of $82.17 and a 200-day simple moving average of $77.86. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 39.06 and a beta of 1.33. JPMorgan Active Growth ETF has a 1-year low of $63.07 and a 1-year high of $84.87.

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.