JPMorgan Equity Focus ETF (NASDAQ:JPEF) Hits New 1-Year High – Should You Buy?

JPMorgan Equity Focus ETF (NASDAQ:JPEF)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $66.01 and last traded at $66.01, with a volume of 38354 shares traded. The stock had previously closed at $65.61.

JPMorgan Equity Focus ETF Stock Performance

The stock’s fifty day simple moving average is $63.57 and its two-hundred day simple moving average is $61.57. The company has a market cap of $862.22 million, a price-to-earnings ratio of 25.11 and a beta of 1.11.

Institutional Investors Weigh In On JPMorgan Equity Focus ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Equity Focus ETF in the second quarter worth $26,000. Highlander Capital Management LLC acquired a new stake in JPMorgan Equity Focus ETF in the 1st quarter valued at $51,000. Capital Advisors Ltd. LLC purchased a new position in JPMorgan Equity Focus ETF in the first quarter valued at about $56,000. ICA Group Wealth Management LLC acquired a new position in shares of JPMorgan Equity Focus ETF during the fourth quarter worth about $125,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of JPMorgan Equity Focus ETF by 3,006.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,578 shares of the company’s stock worth $161,000 after buying an additional 2,495 shares during the period.

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.