JPMorgan Equity Focus ETF (NASDAQ:JPEF) Reaches New 52-Week High – What’s Next?

Shares of JPMorgan Equity Focus ETF (NASDAQ:JPEF) reached a new 52-week high on Wednesday . The company traded as high as $69.30 and last traded at $69.25, with a volume of 7144 shares traded. The stock had previously closed at $69.24.

JPMorgan Equity Focus ETF Price Performance

The stock’s 50 day moving average is $66.71 and its two-hundred day moving average is $63.77. The stock has a market capitalization of $950.40 million, a PE ratio of 25.11 and a beta of 1.11.

Hedge Funds Weigh In On JPMorgan Equity Focus ETF

Several hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors LLC increased its stake in JPMorgan Equity Focus ETF by 1.7% in the third quarter. World Investment Advisors LLC now owns 12,994 shares of the company’s stock valued at $852,000 after purchasing an additional 221 shares during the last quarter. MML Investors Services LLC increased its stake in JPMorgan Equity Focus ETF by 9.6% in the third quarter. MML Investors Services LLC now owns 147,014 shares of the company’s stock valued at $9,634,000 after purchasing an additional 12,850 shares during the last quarter. D.A. Davidson & CO. increased its stake in JPMorgan Equity Focus ETF by 146.1% in the third quarter. D.A. Davidson & CO. now owns 30,055 shares of the company’s stock valued at $1,970,000 after purchasing an additional 17,841 shares during the last quarter. Raymond James Trust N.A. increased its stake in JPMorgan Equity Focus ETF by 52.4% in the third quarter. Raymond James Trust N.A. now owns 12,144 shares of the company’s stock valued at $796,000 after purchasing an additional 4,174 shares during the last quarter. Finally, Planning Directions Inc. purchased a new position in JPMorgan Equity Focus ETF in the third quarter valued at approximately $202,000.

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.