JPMorgan Equity Focus ETF (NASDAQ:JPEF) Hits New 12-Month High – What’s Next?

JPMorgan Equity Focus ETF (NASDAQ:JPEF)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $81.37 and last traded at $81.34, with a volume of 47855 shares trading hands. The stock had previously closed at $80.12.

JPMorgan Equity Focus ETF Stock Up 1.5%

The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 26.67 and a beta of 0.96. The company has a 50-day moving average price of $79.82 and a 200-day moving average price of $77.09.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JPEF. Goldman Sachs Group Inc. acquired a new position in shares of JPMorgan Equity Focus ETF during the first quarter valued at $325,000. JPMorgan Chase & Co. increased its stake in JPMorgan Equity Focus ETF by 33.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 69,703 shares of the company’s stock valued at $4,889,000 after buying an additional 17,328 shares during the period. Raymond James Financial Inc. raised its position in shares of JPMorgan Equity Focus ETF by 9.8% during the 2nd quarter. Raymond James Financial Inc. now owns 1,958,565 shares of the company’s stock worth $137,374,000 after buying an additional 175,204 shares in the last quarter. MML Investors Services LLC lifted its stake in shares of JPMorgan Equity Focus ETF by 7.6% in the 2nd 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. Finally, Captrust Financial Advisors lifted its stake in shares of JPMorgan Equity Focus ETF by 8.8% in the 2nd quarter. Captrust Financial Advisors now owns 4,064 shares of the company’s stock worth $285,000 after acquiring an additional 328 shares during the period.

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.