JPMorgan Equity Focus ETF (NASDAQ:JPEF) Sees Strong Trading Volume – Time to Buy?

Shares of JPMorgan Equity Focus ETF (NASDAQ:JPEF) saw strong trading volume on Monday . 213,031 shares changed hands during mid-day trading, an increase of 83% from the previous session’s volume of 116,561 shares.The stock last traded at $75.2960 and had previously closed at $75.58.

JPMorgan Equity Focus ETF Trading Down 0.5%

The firm’s 50-day moving average price is $74.94 and its 200 day moving average price is $72.86. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 26.67 and a beta of 1.00.

JPMorgan Equity Focus ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.5228 per share. The ex-dividend date was Tuesday, December 16th. This represents a yield of 70.0%.

Hedge Funds Weigh In On JPMorgan Equity Focus ETF

A number of institutional investors and hedge funds have recently bought and sold shares of JPEF. Concurrent Investment Advisors LLC raised its position in shares of JPMorgan Equity Focus ETF by 2.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 7,317 shares of the company’s stock worth $542,000 after acquiring an additional 181 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of JPMorgan Equity Focus ETF by 8.8% in the 2nd quarter. Captrust Financial Advisors now owns 4,064 shares of the company’s stock valued at $285,000 after buying an additional 328 shares during the period. Fifth Third Bancorp bought a new stake in JPMorgan Equity Focus ETF in the 2nd quarter valued at about $33,000. Prosperity Financial Group Inc. boosted its holdings in JPMorgan Equity Focus ETF by 4.7% in the second quarter. Prosperity Financial Group Inc. now owns 11,352 shares of the company’s stock worth $796,000 after acquiring an additional 509 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC grew its stake in JPMorgan Equity Focus ETF by 6.9% in the second quarter. Capital Advisors Wealth Management LLC now owns 9,292 shares of the company’s stock valued at $652,000 after acquiring an additional 602 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.