JPMorgan Equity Focus ETF (NASDAQ:JPEF) Sees Large Volume Increase – Should You Buy?

JPMorgan Equity Focus ETF (NASDAQ:JPEF) shares saw unusually-strong trading volume on Tuesday . Approximately 424,655 shares traded hands during mid-day trading, an increase of 168% from the previous session’s volume of 158,209 shares.The stock last traded at $68.75 and had previously closed at $68.90.

JPMorgan Equity Focus ETF Price Performance

The stock’s 50 day moving average price is $68.54 and its two-hundred day moving average price is $66.32. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 25.11 and a beta of 1.11.

JPMorgan Equity Focus ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Tuesday, December 24th were issued a dividend of $0.3881 per share. The ex-dividend date was Tuesday, December 24th. This is a positive change from JPMorgan Equity Focus ETF’s previous dividend of $0.09.

Institutional Trading of JPMorgan Equity Focus ETF

Hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA acquired a new position in shares of JPMorgan Equity Focus ETF in the fourth quarter valued at $135,000. Carnegie Lake Advisors LLC acquired a new position in shares of JPMorgan Equity Focus ETF in the 4th quarter valued at $201,000. Planning Directions Inc. bought a new position in shares of JPMorgan Equity Focus ETF during the 3rd quarter worth about $202,000. Institute for Wealth Management LLC. bought a new position in shares of JPMorgan Equity Focus ETF during the 4th quarter worth about $202,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of JPMorgan Equity Focus ETF during the 4th quarter valued at about $203,000.

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.