Avantax Planning Partners Inc. Takes $128.38 Million Position in JPMorgan Equity Focus ETF $JPEF

Avantax Planning Partners Inc. bought a new position in shares of JPMorgan Equity Focus ETF (NASDAQ:JPEF) during the 1st quarter, Holdings Channel reports. The institutional investor bought 1,787,833 shares of the company’s stock, valued at approximately $128,384,000. JPMorgan Equity Focus ETF comprises approximately 3.5% of Avantax Planning Partners Inc.’s holdings, making the stock its 6th largest holding. Avantax Planning Partners Inc. owned 0.07% of JPMorgan Equity Focus ETF as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd purchased a new stake in JPMorgan Equity Focus ETF in the 3rd quarter valued at $54,000. Ascentis Independent Advisors acquired a new stake in JPMorgan Equity Focus ETF during the 1st quarter worth $55,000. Godsey & Gibb Inc. purchased a new position in JPMorgan Equity Focus ETF during the 4th quarter worth $58,000. Root Financial Partners LLC grew its position in JPMorgan Equity Focus ETF by 470.8% during the 4th quarter. Root Financial Partners LLC now owns 879 shares of the company’s stock worth $66,000 after purchasing an additional 725 shares during the last quarter. Finally, Strategic Wealth Advisors LLC acquired a new position in JPMorgan Equity Focus ETF in the first quarter valued at $76,000.

JPMorgan Equity Focus ETF Stock Performance

NASDAQ JPEF opened at $80.31 on Tuesday. The firm’s fifty day moving average is $79.83 and its two-hundred day moving average is $76.64. JPMorgan Equity Focus ETF has a one year low of $69.61 and a one year high of $81.30. The firm has a market cap of $1.98 billion, a PE ratio of 26.67 and a beta of 0.96.

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.