JPMorgan Equity Focus ETF (NASDAQ:JPEF) Reaches New 52-Week High – What’s Next?

Shares of JPMorgan Equity Focus ETF (NASDAQ:JPEF) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $70.11 and last traded at $70.04, with a volume of 13688 shares. The stock had previously closed at $69.98.

JPMorgan Equity Focus ETF Stock Performance

The firm’s fifty day simple moving average is $68.44 and its 200 day simple moving average is $65.84. The firm has a market cap of $1.15 billion, a P/E ratio of 25.11 and a beta of 1.11.

JPMorgan Equity Focus ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 24th were issued a dividend of $0.3881 per share. The ex-dividend date of this dividend was Tuesday, December 24th. This is an increase from JPMorgan Equity Focus ETF’s previous dividend of $0.09.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans raised its position in JPMorgan Equity Focus ETF by 4.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 979,969 shares of the company’s stock worth $64,217,000 after purchasing an additional 38,156 shares during the period. Beaumont Financial Advisors LLC increased its holdings in JPMorgan Equity Focus ETF by 31.3% during the fourth quarter. Beaumont Financial Advisors LLC now owns 466,974 shares of the company’s stock valued at $31,339,000 after buying an additional 111,342 shares during the period. Investment Planning Advisors Inc. increased its holdings in JPMorgan Equity Focus ETF by 66.1% during the fourth quarter. Investment Planning Advisors Inc. now owns 265,768 shares of the company’s stock valued at $17,836,000 after buying an additional 105,767 shares during the period. Raymond James & Associates boosted its stake in JPMorgan Equity Focus ETF by 23.9% in the third quarter. Raymond James & Associates now owns 201,422 shares of the company’s stock valued at $13,199,000 after acquiring an additional 38,865 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in JPMorgan Equity Focus ETF by 56.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 156,736 shares of the company’s stock valued at $10,519,000 after acquiring an additional 56,459 shares in the last quarter.

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.