JPMorgan Equity Focus ETF (NASDAQ:JPEF) Sets New 1-Year High – What’s Next?

JPMorgan Equity Focus ETF (NASDAQ:JPEF)’s stock price reached a new 52-week high on Thursday . The company traded as high as $78.01 and last traded at $77.96, with a volume of 12601 shares changing hands. The stock had previously closed at $77.56.

JPMorgan Equity Focus ETF Stock Up 0.8%

The company has a 50 day moving average of $74.29 and a 200 day moving average of $74.71. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 26.67 and a beta of 1.00.

Institutional Investors Weigh In On JPMorgan Equity Focus ETF

Several institutional investors and hedge funds have recently made changes to their positions in JPEF. Goldman Sachs Group Inc. acquired a new stake in shares of JPMorgan Equity Focus ETF during the 1st quarter valued at approximately $325,000. JPMorgan Chase & Co. raised its position in shares of JPMorgan Equity Focus ETF by 33.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 69,703 shares of the company’s stock worth $4,889,000 after purchasing an additional 17,328 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of JPMorgan Equity Focus ETF by 9.8% in the 2nd quarter. Raymond James Financial Inc. now owns 1,958,565 shares of the company’s stock worth $137,374,000 after purchasing an additional 175,204 shares during the last quarter. MML Investors Services LLC lifted its holdings 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 purchasing an additional 76,189 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings 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 purchasing an additional 328 shares during 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.