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 on Monday . The company traded as high as $76.28 and last traded at $75.9990, with a volume of 11574 shares changing hands. The stock had previously closed at $75.83.

JPMorgan Equity Focus ETF Price Performance

The stock’s fifty day simple moving average is $74.61 and its 200-day simple moving average is $72.04. The stock has a market cap of $1.64 billion, a P/E ratio of 26.67 and a beta of 1.00.

Hedge Funds Weigh In On JPMorgan Equity Focus ETF

Several hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. raised its holdings in shares of JPMorgan Equity Focus ETF by 11.2% during the 3rd quarter. Raymond James Financial Inc. now owns 2,177,270 shares of the company’s stock valued at $161,314,000 after purchasing an additional 218,705 shares in the last quarter. MML Investors Services LLC increased its position in 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 buying an additional 76,189 shares during the last quarter. Beaumont Financial Advisors LLC raised its holdings in JPMorgan Equity Focus ETF by 102.1% during the second 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 in the last quarter. Osaic Holdings Inc. lifted its position in shares of JPMorgan Equity Focus ETF by 29.1% in the second quarter. Osaic Holdings Inc. now owns 558,669 shares of the company’s stock worth $39,186,000 after buying an additional 125,771 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of JPMorgan Equity Focus ETF by 3.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 552,813 shares of the company’s stock worth $40,958,000 after acquiring an additional 20,320 shares in the last quarter.

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.