JPMorgan Equity Focus ETF (NASDAQ:JPEF) Hits New 52-Week High – Time to Buy?

Shares of JPMorgan Equity Focus ETF (NASDAQ:JPEF) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $70.11 and last traded at $70.04, with a volume of 13688 shares. The stock had previously closed at $69.98.

JPMorgan Equity Focus ETF Price Performance

The business has a 50-day moving average of $68.51 and a 200 day moving average of $65.93. The company has a market cap of $1.15 billion, a PE ratio of 25.11 and a beta of 1.11.

JPMorgan Equity Focus ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 24th were issued a dividend of $0.3881 per share. The ex-dividend date of this dividend was Tuesday, December 24th. This is a positive change from JPMorgan Equity Focus ETF’s previous dividend of $0.09.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in shares of JPMorgan Equity Focus ETF by 4.1% during the third quarter. Thrivent Financial for Lutherans now owns 979,969 shares of the company’s stock valued at $64,217,000 after buying an additional 38,156 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in JPMorgan Equity Focus ETF by 42.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 53,117 shares of the company’s stock valued at $3,481,000 after acquiring an additional 15,728 shares during the last quarter. Private Advisor Group LLC lifted its stake in JPMorgan Equity Focus ETF by 33.7% in the 3rd quarter. Private Advisor Group LLC now owns 8,478 shares of the company’s stock worth $556,000 after purchasing an additional 2,135 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of JPMorgan Equity Focus ETF by 23.9% during the 3rd quarter. Raymond James & Associates now owns 201,422 shares of the company’s stock valued at $13,199,000 after purchasing an additional 38,865 shares during the last quarter. Finally, Beaumont Financial Advisors LLC grew its position in shares of JPMorgan Equity Focus ETF by 28.5% during the third quarter. Beaumont Financial Advisors LLC now owns 355,632 shares of the company’s stock valued at $23,305,000 after purchasing an additional 78,971 shares in the last quarter.

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.