JPMorgan Equity Focus ETF (NASDAQ:JPEF) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

JPMorgan Equity Focus ETF (NASDAQ:JPEF)’s stock price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $78.71 and traded as high as $80.46. JPMorgan Equity Focus ETF shares last traded at $80.22, with a volume of 54,443 shares trading hands.

JPMorgan Equity Focus ETF Trading Up 1.3%

The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 21.95 and a beta of 0.95. The firm’s fifty day simple moving average is $81.30 and its two-hundred day simple moving average is $78.77.

Institutional Trading of JPMorgan Equity Focus ETF

Institutional investors have recently made changes to their positions in the company. Avantax Planning Partners Inc. purchased a new position in JPMorgan Equity Focus ETF in the third quarter worth approximately $160,184,000. Commonwealth Equity Services LLC purchased a new stake in JPMorgan Equity Focus ETF in the third quarter valued at $47,320,000. Cetera Investment Advisers raised its position in JPMorgan Equity Focus ETF by 94.9% in the first quarter. Cetera Investment Advisers now owns 1,075,233 shares of the company’s stock valued at $77,212,000 after purchasing an additional 523,563 shares during the period. Private Advisor Group LLC purchased a new stake in JPMorgan Equity Focus ETF in the third quarter valued at $8,965,000. Finally, Contango Wealth Management LLC purchased a new stake in JPMorgan Equity Focus ETF in the first quarter valued at $2,769,000.

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.