JPMorgan Equity Focus ETF (NASDAQ:JPEF) Reaches New 12-Month High – Here’s What Happened

JPMorgan Equity Focus ETF (NASDAQ:JPEF) hit a new 52-week high on Wednesday . The stock traded as high as $79.17 and last traded at $79.17, with a volume of 4675 shares changing hands. The stock had previously closed at $77.88.

JPMorgan Equity Focus ETF Stock Performance

The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 26.67 and a beta of 0.98. The firm has a fifty day moving average price of $74.69 and a 200-day moving average price of $74.92.

Institutional Investors Weigh In On JPMorgan Equity Focus ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Avantax Planning Partners Inc. bought a new position in JPMorgan Equity Focus ETF in the 1st quarter valued at approximately $128,384,000. Thrivent Financial for Lutherans bought a new stake in JPMorgan Equity Focus ETF during the 4th quarter worth approximately $16,453,000. Raymond James Financial Inc. grew its holdings in JPMorgan Equity Focus ETF by 11.2% during the 3rd quarter. Raymond James Financial Inc. now owns 2,177,270 shares of the company’s stock worth $161,314,000 after acquiring an additional 218,705 shares during the last quarter. AlphaCore Capital LLC acquired a new position in JPMorgan Equity Focus ETF in the 4th quarter valued at approximately $10,752,000. Finally, Jones Financial Companies Lllp increased its position in JPMorgan Equity Focus ETF by 27.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 467,570 shares of the company’s stock valued at $34,610,000 after acquiring an additional 99,690 shares during the period.

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.