JPMorgan Equity Focus ETF (NASDAQ:JPEF) Sets New 52-Week High – Should You Buy?
by Michael Walen · The Markets DailyJPMorgan Equity Focus ETF (NASDAQ:JPEF – Get Free Report) reached a new 52-week high during trading on Tuesday. The stock traded as high as $83.24 and last traded at $83.0790, with a volume of 5932 shares traded. The stock had previously closed at $82.45.
JPMorgan Equity Focus ETF Price Performance
The stock’s fifty day moving average price is $81.36 and its 200 day moving average price is $79.18. The stock has a market capitalization of $2.07 billion, a P/E ratio of 26.67 and a beta of 0.96.
Institutional Investors Weigh In On JPMorgan Equity Focus ETF
Institutional investors have recently bought and sold shares of the company. First Citizens Financial Corp increased its stake in JPMorgan Equity Focus ETF by 17.0% during the 3rd quarter. First Citizens Financial Corp now owns 22,284 shares of the company’s stock valued at $1,811,000 after purchasing an additional 3,231 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of JPMorgan Equity Focus ETF by 10.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 7,963 shares of the company’s stock valued at $640,000 after acquiring an additional 746 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in JPMorgan Equity Focus ETF by 10.4% in the second quarter. Concurrent Investment Advisors LLC now owns 12,446 shares of the company’s stock worth $1,000,000 after acquiring an additional 1,172 shares during the period. Leverty Financial Group LLC raised its position in JPMorgan Equity Focus ETF by 1.9% in the second quarter. Leverty Financial Group LLC now owns 345,623 shares of the company’s stock valued at $27,764,000 after purchasing an additional 6,407 shares during the period. Finally, Friday Financial acquired a new stake in shares of JPMorgan Equity Focus ETF during the second quarter worth about $669,000.
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.