JPMorgan Equity Focus ETF (NASDAQ:JPEF) Sets New 52-Week High – Should You Buy?

JPMorgan Equity Focus ETF (NASDAQ:JPEF) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $67.66 and last traded at $67.66, with a volume of 4326 shares traded. The stock had previously closed at $66.06.

JPMorgan Equity Focus ETF Trading Up 0.8 %

The company has a market cap of $949.16 million, a P/E ratio of 25.11 and a beta of 1.11. The business’s 50 day simple moving average is $65.40 and its 200 day simple moving average is $62.74.

Hedge Funds Weigh In On JPMorgan Equity Focus ETF

Institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in shares of JPMorgan Equity Focus ETF in the second quarter worth about $26,000. Denver Wealth Management Inc. boosted its position in shares of JPMorgan Equity Focus ETF by 19.0% during the 3rd quarter. Denver Wealth Management Inc. now owns 5,258 shares of the company’s stock valued at $345,000 after acquiring an additional 840 shares during the last quarter. Highlander Capital Management LLC purchased a new position in shares of JPMorgan Equity Focus ETF in the first quarter valued at $51,000. ICA Group Wealth Management LLC increased its position in JPMorgan Equity Focus ETF by 27.4% in the second quarter. ICA Group Wealth Management LLC now owns 4,396 shares of the company’s stock worth $274,000 after purchasing an additional 946 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in JPMorgan Equity Focus ETF by 33.7% during the third quarter. Private Advisor Group LLC now owns 8,478 shares of the company’s stock valued at $556,000 after purchasing an additional 2,135 shares in the last quarter.

JPMorgan Equity Focus ETF Company Profile

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.