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

JPMorgan Equity Focus ETF (NASDAQ:JPEF)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $69.57 and last traded at $69.21, with a volume of 36756 shares changing hands. The stock had previously closed at $69.34.

JPMorgan Equity Focus ETF Trading Down 0.1 %

The company has a market capitalization of $953.16 million, a PE ratio of 25.11 and a beta of 1.11. The stock has a fifty day simple moving average of $67.03 and a 200-day simple moving average of $64.03.

Institutional Investors Weigh In On JPMorgan Equity Focus ETF

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

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.