JPMorgan Active Growth ETF (NYSEARCA:JGRO) Reaches New 52-Week Low – Should You Sell?

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

JPMorgan Active Growth ETF Price Performance

The stock has a 50-day moving average price of $79.14 and a 200-day moving average price of $80.03. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 31.19 and a beta of 1.06.

Institutional Investors Weigh In On JPMorgan Active Growth ETF

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of JPMorgan Active Growth ETF by 523.0% in the fourth quarter. JPMorgan Chase & Co. now owns 8,538,002 shares of the company’s stock valued at $691,834,000 after purchasing an additional 7,167,508 shares during the last quarter. LPL Financial LLC grew its stake in JPMorgan Active Growth ETF by 43.2% in the 4th quarter. LPL Financial LLC now owns 3,643,903 shares of the company’s stock valued at $295,265,000 after buying an additional 1,099,313 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in JPMorgan Active Growth ETF by 84.6% in the 4th 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 period. Captrust Financial Advisors lifted its position in JPMorgan Active Growth ETF by 6.8% during the fourth quarter. Captrust Financial Advisors now owns 3,172,304 shares of the company’s stock worth $257,051,000 after acquiring an additional 202,511 shares during the last quarter. Finally, Strategic Financial Concepts LLC lifted 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 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.