Novem Group Makes New Investment in JPMorgan Equity Focus ETF (NASDAQ:JPEF)

Novem Group acquired a new stake in JPMorgan Equity Focus ETF (NASDAQ:JPEF) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 129,246 shares of the company’s stock, valued at approximately $8,674,000. JPMorgan Equity Focus ETF comprises approximately 1.3% of Novem Group’s investment portfolio, making the stock its 17th largest position. Novem Group owned 0.78% of JPMorgan Equity Focus ETF at the end of the most recent quarter.

Several other large investors also recently modified their holdings of JPEF. Raymond James Financial Inc. bought a new stake in JPMorgan Equity Focus ETF in the 4th quarter valued at $59,656,000. Stratos Wealth Partners LTD. bought a new position in shares of JPMorgan Equity Focus ETF during the fourth quarter worth approximately $19,917,000. MML Investors Services LLC raised its position in shares of JPMorgan Equity Focus ETF by 132.3% in the fourth quarter. MML Investors Services LLC now owns 341,509 shares of the company’s stock valued at $22,919,000 after buying an additional 194,495 shares in the last quarter. Empire Life Investments Inc. acquired a new stake in shares of JPMorgan Equity Focus ETF in the fourth quarter valued at approximately $8,214,000. Finally, SPC Financial Inc. bought a new stake in shares of JPMorgan Equity Focus ETF in the fourth quarter valued at approximately $7,697,000.

JPMorgan Equity Focus ETF Price Performance

Shares of NASDAQ:JPEF opened at $67.34 on Wednesday. The business’s 50 day simple moving average is $63.13 and its 200 day simple moving average is $66.34. JPMorgan Equity Focus ETF has a 1 year low of $55.46 and a 1 year high of $70.16. The company has a market capitalization of $1.42 billion, a P/E ratio of 24.53 and a beta of 1.11.

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.