JPMorgan Active Growth ETF (NYSEARCA:JGRO) Sees Strong Trading Volume – What’s Next?

JPMorgan Active Growth ETF (NYSEARCA:JGRO) saw unusually-strong trading volume on Friday . Approximately 1,029,897 shares were traded during trading, an increase of 78% from the previous session’s volume of 579,368 shares.The stock last traded at $97.54 and had previously closed at $98.82.

JPMorgan Active Growth ETF Trading Down 1.7%

The company has a market capitalization of $9.74 billion, a PE ratio of 35.50 and a beta of 1.09. The business’s 50-day simple moving average is $89.74 and its 200-day simple moving average is $91.39.

Hedge Funds Weigh In On JPMorgan Active Growth ETF

A number of institutional investors have recently bought and sold shares of the business. MAI Capital Management purchased a new position in shares of JPMorgan Active Growth ETF during the 3rd quarter valued at approximately $25,000. Pflug Koory LLC purchased a new position in shares of JPMorgan Active Growth ETF during the 4th quarter valued at approximately $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of JPMorgan Active Growth ETF during the 4th quarter valued at approximately $28,000. O Shaughnessy Asset Management LLC increased its holdings in shares of JPMorgan Active Growth ETF by 59.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 303 shares of the company’s stock valued at $28,000 after purchasing an additional 113 shares in the last quarter. Finally, Balentine LLC purchased a new position in shares of JPMorgan Active Growth ETF during the 3rd quarter valued at approximately $29,000.

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.