JPMorgan Active Growth ETF (NYSEARCA:JGRO) Hits New 12-Month Low – What’s Next?

JPMorgan Active Growth ETF (NYSEARCA:JGRO)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $63.33 and last traded at $63.47, with a volume of 405914 shares. The stock had previously closed at $66.72.

JPMorgan Active Growth ETF Stock Performance

The company has a fifty day moving average price of $79.14 and a two-hundred day moving average price of $80.03. The company has a market cap of $4.28 billion, a P/E ratio of 31.19 and a beta of 1.06.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Active Growth ETF by 523.0% during the 4th quarter. JPMorgan Chase & Co. now owns 8,538,002 shares of the company’s stock worth $691,834,000 after purchasing an additional 7,167,508 shares in the last quarter. Strategic Financial Concepts LLC raised its position in JPMorgan Active Growth ETF by 14,999.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 2,247,244 shares of the company’s stock worth $182,094,000 after acquiring an additional 2,232,361 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in JPMorgan Active Growth ETF by 84.6% in the fourth quarter. Ameriprise Financial Inc. now owns 3,473,064 shares of the company’s stock valued at $281,341,000 after acquiring an additional 1,591,923 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of JPMorgan Active Growth ETF in the 4th quarter valued at about $90,339,000. Finally, LPL Financial LLC increased its stake in shares of JPMorgan Active Growth ETF by 43.2% during the 4th quarter. LPL Financial LLC now owns 3,643,903 shares of the company’s stock worth $295,265,000 after purchasing an additional 1,099,313 shares during the last quarter.

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.