JPMorgan Equity Focus ETF (NASDAQ:JPEF) Reaches New 12-Month High – Should You Buy?

JPMorgan Equity Focus ETF (NASDAQ:JPEF)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $74.40 and last traded at $74.32, with a volume of 69547 shares trading hands. The stock had previously closed at $74.13.

JPMorgan Equity Focus ETF Price Performance

The company has a fifty day moving average of $72.21 and a two-hundred day moving average of $67.77. The stock has a market capitalization of $1.66 billion, a P/E ratio of 26.67 and a beta of 1.11.

Hedge Funds Weigh In On JPMorgan Equity Focus ETF

Large investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its stake in JPMorgan Equity Focus ETF by 2.0% during the first quarter. Private Advisor Group LLC now owns 8,813 shares of the company’s stock worth $561,000 after acquiring an additional 171 shares during the period. Captrust Financial Advisors grew its holdings in shares of JPMorgan Equity Focus ETF by 8.8% during the second quarter. Captrust Financial Advisors now owns 4,064 shares of the company’s stock valued at $285,000 after purchasing an additional 328 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of JPMorgan Equity Focus ETF during the second quarter valued at approximately $33,000. Prosperity Financial Group Inc. raised its position in shares of JPMorgan Equity Focus ETF by 4.7% during the 2nd quarter. Prosperity Financial Group Inc. now owns 11,352 shares of the company’s stock worth $796,000 after purchasing an additional 509 shares during the period. Finally, Capital Advisors Wealth Management LLC raised its position in shares of JPMorgan Equity Focus ETF by 6.9% during the 2nd quarter. Capital Advisors Wealth Management LLC now owns 9,292 shares of the company’s stock worth $652,000 after purchasing an additional 602 shares during the period.

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.