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

JPMorgan Equity Focus ETF (NASDAQ:JPEF) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $66.01 and last traded at $66.01, with a volume of 38354 shares traded. The stock had previously closed at $65.61.

JPMorgan Equity Focus ETF Stock Up 0.6 %

The company has a market capitalization of $862.22 million, a PE ratio of 25.11 and a beta of 1.11. The firm’s 50 day simple moving average is $63.57 and its 200 day simple moving average is $61.57.

Institutional Trading of JPMorgan Equity Focus ETF

Institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its stake in shares of JPMorgan Equity Focus ETF by 91.8% during the second quarter. Cetera Investment Advisers now owns 87,003 shares of the company’s stock valued at $5,426,000 after buying an additional 41,630 shares during the last quarter. Advisory Alpha LLC purchased a new stake in JPMorgan Equity Focus ETF in the second quarter worth $204,000. Northwestern Mutual Wealth Management Co. increased its stake in JPMorgan Equity Focus ETF by 3,006.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,578 shares of the company’s stock worth $161,000 after purchasing an additional 2,495 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of JPMorgan Equity Focus ETF by 24.8% during the second quarter. Thrivent Financial for Lutherans now owns 941,813 shares of the company’s stock worth $58,731,000 after purchasing an additional 186,867 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners purchased a new stake in shares of JPMorgan Equity Focus ETF during the second quarter valued at $201,000.

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.