JPMorgan Equity Focus ETF (NASDAQ:JPEF) Hits New 1-Year High – What’s Next?

JPMorgan Equity Focus ETF (NASDAQ:JPEF)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $72.79 and last traded at $72.72, with a volume of 232354 shares traded. The stock had previously closed at $72.56.

JPMorgan Equity Focus ETF Stock Up 0.2%

The business’s fifty day moving average is $70.68 and its 200 day moving average is $66.97. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 26.67 and a beta of 1.11.

Institutional Investors Weigh In On JPMorgan Equity Focus ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. raised its holdings in shares of JPMorgan Equity Focus ETF by 9.8% during the second quarter. Raymond James Financial Inc. now owns 1,958,565 shares of the company’s stock worth $137,374,000 after acquiring an additional 175,204 shares during the period. MML Investors Services LLC raised its holdings in shares of JPMorgan Equity Focus ETF by 7.6% during the second quarter. MML Investors Services LLC now owns 1,076,371 shares of the company’s stock worth $75,497,000 after acquiring an additional 76,189 shares during the period. LPL Financial LLC increased its stake in JPMorgan Equity Focus ETF by 8.3% in the 1st quarter. LPL Financial LLC now owns 741,474 shares of the company’s stock valued at $47,202,000 after buying an additional 56,794 shares during the last quarter. Beaumont Financial Advisors LLC increased its stake in JPMorgan Equity Focus ETF by 102.1% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 699,354 shares of the company’s stock valued at $49,053,000 after buying an additional 353,389 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in JPMorgan Equity Focus ETF by 17.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 487,379 shares of the company’s stock valued at $31,027,000 after buying an additional 73,916 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.