JPMorgan Equity Focus ETF (NASDAQ:JPEF) Sets New 12-Month High – Time to Buy?

Shares of JPMorgan Equity Focus ETF (NASDAQ:JPEF) hit 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 trading hands. The stock had previously closed at $77.56.

JPMorgan Equity Focus ETF Stock Performance

The company has a 50 day simple moving average of $74.29 and a two-hundred day simple moving average of $74.71. The company has a market cap of $1.89 billion, a PE ratio of 26.67 and a beta of 1.00.

Hedge Funds Weigh In On JPMorgan Equity Focus ETF

Several institutional investors and hedge funds have recently bought and sold shares of JPEF. Qube Research & Technologies Ltd acquired a new stake in JPMorgan Equity Focus ETF during the third quarter valued at $54,000. Godsey & Gibb Inc. acquired a new stake in JPMorgan Equity Focus ETF during the fourth quarter valued at $58,000. Root Financial Partners LLC boosted its position in JPMorgan Equity Focus ETF by 470.8% during the fourth quarter. Root Financial Partners LLC now owns 879 shares of the company’s stock valued at $66,000 after purchasing an additional 725 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in JPMorgan Equity Focus ETF during the fourth quarter valued at $134,000. Finally, HBK Sorce Advisory LLC acquired a new stake in JPMorgan Equity Focus ETF during the fourth quarter valued at $213,000.

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.