JPMorgan Active Growth ETF (NYSEARCA:JGRO) Hits New 1-Year High – Still a Buy?

Shares of JPMorgan Active Growth ETF (NYSEARCA:JGRO) hit a new 52-week high during trading on Wednesday . The stock traded as high as $97.94 and last traded at $97.92, with a volume of 246588 shares traded. The stock had previously closed at $96.75.

JPMorgan Active Growth ETF Trading Up 1.0%

The stock’s 50-day moving average is $89.17 and its 200-day moving average is $91.29. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 35.50 and a beta of 1.09.

Institutional Trading of JPMorgan Active Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MAI Capital Management bought a new stake in JPMorgan Active Growth ETF during the 3rd quarter worth approximately $25,000. Pflug Koory LLC purchased a new position in shares of JPMorgan Active Growth ETF during the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of JPMorgan Active Growth ETF during the fourth quarter valued at approximately $28,000. O Shaughnessy Asset Management LLC grew its holdings in JPMorgan Active Growth ETF by 59.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 303 shares of the company’s stock worth $28,000 after buying an additional 113 shares in the last quarter. Finally, Balentine LLC bought a new stake in JPMorgan Active Growth ETF during the third quarter worth $29,000.

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.