JPMorgan Equity Focus ETF (NASDAQ:JPEF) Sets New 12-Month High – What’s Next?

Shares of JPMorgan Equity Focus ETF (NASDAQ:JPEF) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $67.46 and last traded at $67.27, with a volume of 4810 shares trading hands. The stock had previously closed at $66.89.

JPMorgan Equity Focus ETF Price Performance

The stock has a market capitalization of $896.59 million, a P/E ratio of 25.11 and a beta of 1.11. The company’s 50 day simple moving average is $64.29 and its two-hundred day simple moving average is $61.85.

Institutional Investors Weigh In On JPMorgan Equity Focus ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans increased its stake in shares of JPMorgan Equity Focus ETF by 24.8% in the second quarter. Thrivent Financial for Lutherans now owns 941,813 shares of the company’s stock valued at $58,731,000 after buying an additional 186,867 shares in the last quarter. Investment Planning Advisors Inc. bought a new position in JPMorgan Equity Focus ETF during the second quarter worth about $9,978,000. Commonwealth Equity Services LLC boosted its holdings in JPMorgan Equity Focus ETF by 360.1% during the second quarter. Commonwealth Equity Services LLC now owns 177,577 shares of the company’s stock worth $11,074,000 after buying an additional 138,982 shares during the last quarter. Raymond James & Associates grew its position in shares of JPMorgan Equity Focus ETF by 102.2% during the 2nd quarter. Raymond James & Associates now owns 162,557 shares of the company’s stock worth $10,137,000 after buying an additional 82,166 shares during the period. Finally, Beaumont Financial Advisors LLC increased its stake in shares of JPMorgan Equity Focus ETF by 28.5% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 355,632 shares of the company’s stock valued at $23,305,000 after acquiring an additional 78,971 shares during the last quarter.

About JPMorgan Equity Focus ETF

The JPMorgan Equity Focus ETF (JPEF) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF that provides exposure to a narrow basket of US stocks. Selection integrates ESG factors to their bottom-up fundamental analysis. JPEF was launched on Jul 28, 2023 and is issued by JPMorgan Chase.