IFP Advisors Inc Sells 17,862 Shares of JPMorgan Equity Focus ETF $JPEF

IFP Advisors Inc lessened its stake in JPMorgan Equity Focus ETF (NASDAQ:JPEF) by 20.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,280 shares of the company’s stock after selling 17,862 shares during the period. IFP Advisors Inc owned about 0.31% of JPMorgan Equity Focus ETF worth $4,929,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Brown Advisory Inc. bought a new stake in shares of JPMorgan Equity Focus ETF in the first quarter valued at about $468,000. Ignite Planners LLC bought a new stake in shares of JPMorgan Equity Focus ETF in the first quarter valued at about $1,570,000. Cetera Investment Advisers lifted its stake in shares of JPMorgan Equity Focus ETF by 35.1% in the first quarter. Cetera Investment Advisers now owns 272,186 shares of the company’s stock valued at $17,327,000 after buying an additional 70,756 shares during the period. Capital Advisors Wealth Management LLC lifted its stake in shares of JPMorgan Equity Focus ETF by 18.9% in the first quarter. Capital Advisors Wealth Management LLC now owns 8,690 shares of the company’s stock valued at $553,000 after buying an additional 1,384 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of JPMorgan Equity Focus ETF by 10.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 23,188 shares of the company’s stock valued at $1,476,000 after buying an additional 2,157 shares during the period.

JPMorgan Equity Focus ETF Stock Performance

NASDAQ JPEF opened at $74.42 on Friday. The firm has a 50-day simple moving average of $72.91 and a 200 day simple moving average of $68.55. JPMorgan Equity Focus ETF has a twelve month low of $55.46 and a twelve month high of $74.71. The stock has a market cap of $1.62 billion, a PE ratio of 26.67 and a beta of 1.11.

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.