JPMorgan Equity Focus ETF (NASDAQ:JPEF) Sets New 52-Week High – Should You Buy?

JPMorgan Equity Focus ETF (NASDAQ:JPEF) shares hit a new 52-week high on Wednesday . The company traded as high as $67.66 and last traded at $67.66, with a volume of 4326 shares traded. The stock had previously closed at $66.06.

JPMorgan Equity Focus ETF Stock Up 2.9 %

The firm has a market capitalization of $934.99 million, a price-to-earnings ratio of 25.11 and a beta of 1.11. The stock’s fifty day moving average is $65.23 and its two-hundred day moving average is $62.67.

Institutional Investors Weigh In On JPMorgan Equity Focus ETF

A number of institutional investors and hedge funds have recently modified their holdings of JPEF. Thrivent Financial for Lutherans increased its position in JPMorgan Equity Focus ETF by 24.8% during the second quarter. Thrivent Financial for Lutherans now owns 941,813 shares of the company’s stock worth $58,731,000 after buying an additional 186,867 shares during the last quarter. Investment Planning Advisors Inc. bought a new stake in JPMorgan Equity Focus ETF in the 2nd quarter valued at $9,978,000. Commonwealth Equity Services LLC lifted its holdings in JPMorgan Equity Focus ETF by 360.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 177,577 shares of the company’s stock valued at $11,074,000 after purchasing an additional 138,982 shares during the last quarter. Raymond James & Associates boosted its position in JPMorgan Equity Focus ETF by 102.2% during the second quarter. Raymond James & Associates now owns 162,557 shares of the company’s stock worth $10,137,000 after purchasing an additional 82,166 shares during the period. Finally, Beaumont Financial Advisors LLC boosted its position in JPMorgan Equity Focus ETF by 28.5% during the third quarter. Beaumont Financial Advisors LLC now owns 355,632 shares of the company’s stock worth $23,305,000 after purchasing an additional 78,971 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.