Echo Wealth Management LLC Has $2.90 Million Position in JPMorgan Active Growth ETF (NYSEARCA:JGRO)

Echo Wealth Management LLC decreased its holdings in shares of JPMorgan Active Growth ETF (NYSEARCA:JGRO) by 1.0% in the 4th quarter, HoldingsChannel reports. The firm owned 35,800 shares of the company’s stock after selling 347 shares during the period. JPMorgan Active Growth ETF makes up approximately 2.0% of Echo Wealth Management LLC’s holdings, making the stock its 13th largest holding. Echo Wealth Management LLC’s holdings in JPMorgan Active Growth ETF were worth $2,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its position in JPMorgan Active Growth ETF by 537.7% during the 4th quarter. Sound Income Strategies LLC now owns 338 shares of the company’s stock worth $27,000 after buying an additional 285 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in JPMorgan Active Growth ETF during the fourth quarter worth about $29,000. Aptus Capital Advisors LLC boosted its holdings in JPMorgan Active Growth ETF by 34.7% in the 3rd quarter. Aptus Capital Advisors LLC now owns 668 shares of the company’s stock valued at $51,000 after purchasing an additional 172 shares during the period. FCG Investment Co acquired a new position in shares of JPMorgan Active Growth ETF during the 3rd quarter worth approximately $201,000. Finally, Summit Wealth & Retirement Planning Inc. acquired a new position in shares of JPMorgan Active Growth ETF during the 3rd quarter worth approximately $201,000.

JPMorgan Active Growth ETF Trading Down 0.4 %

NYSEARCA JGRO opened at $84.97 on Friday. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 39.06 and a beta of 1.33. The company has a 50 day moving average of $82.43 and a 200-day moving average of $78.01. JPMorgan Active Growth ETF has a 1-year low of $63.26 and a 1-year high of $85.56.

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.