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

JPMorgan Equity Focus ETF (NASDAQ:JPEF) hit a new 52-week high on Wednesday . The stock traded as high as $76.55 and last traded at $76.51, with a volume of 140828 shares traded. The stock had previously closed at $76.16.

JPMorgan Equity Focus ETF Stock Down 0.1%

The company has a 50 day simple moving average of $74.16 and a two-hundred day simple moving average of $74.61. The company has a market capitalization of $1.84 billion, a P/E ratio of 26.67 and a beta of 1.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans purchased a new stake in shares of JPMorgan Equity Focus ETF in the fourth quarter valued at approximately $16,453,000. Raymond James Financial Inc. boosted its holdings in shares of JPMorgan Equity Focus ETF by 11.2% in the third 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 during the period. AlphaCore Capital LLC purchased a new stake in shares of JPMorgan Equity Focus ETF in the fourth quarter valued at approximately $10,752,000. Jones Financial Companies Lllp boosted its holdings in shares of JPMorgan Equity Focus ETF by 27.1% in the third quarter. Jones Financial Companies Lllp now owns 467,570 shares of the company’s stock valued at $34,610,000 after purchasing an additional 99,690 shares during the period. Finally, MML Investors Services LLC boosted its holdings in shares of JPMorgan Equity Focus ETF by 7.6% in the second quarter. MML Investors Services LLC now owns 1,076,371 shares of the company’s stock valued at $75,497,000 after purchasing an additional 76,189 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.