JPMorgan Equity Focus ETF (NASDAQ:JPEF) Hits New 1-Year High – Should You Buy?

JPMorgan Equity Focus ETF (NASDAQ:JPEF)’s share price reached a new 52-week high on Thursday . The stock traded as high as $78.40 and last traded at $78.39, with a volume of 175597 shares trading hands. The stock had previously closed at $77.52.

JPMorgan Equity Focus ETF Price Performance

The stock has a market cap of $1.89 billion, a PE ratio of 26.67 and a beta of 1.00. The business has a fifty day moving average of $74.58 and a 200-day moving average of $74.85.

Hedge Funds 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 company. Qube Research & Technologies Ltd bought a new position in shares of JPMorgan Equity Focus ETF during the 3rd quarter worth $54,000. Ascentis Independent Advisors bought a new stake in shares of JPMorgan Equity Focus ETF in the first quarter valued at about $55,000. Godsey & Gibb Inc. purchased a new stake in JPMorgan Equity Focus ETF in the fourth quarter worth about $58,000. Root Financial Partners LLC lifted its stake in JPMorgan Equity Focus ETF by 470.8% in the fourth quarter. Root Financial Partners LLC now owns 879 shares of the company’s stock worth $66,000 after acquiring an additional 725 shares during the period. Finally, International Assets Investment Management LLC bought a new position in JPMorgan Equity Focus ETF during the 4th quarter worth about $134,000.

JPMorgan Equity Focus ETF Company Profile

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.