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

Shares of JPMorgan Equity Focus ETF (NASDAQ:JPEF) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $70.11 and last traded at $70.04, with a volume of 13688 shares. The stock had previously closed at $69.98.

JPMorgan Equity Focus ETF Price Performance

The stock has a market cap of $1.15 billion, a P/E ratio of 25.11 and a beta of 1.11. The company has a 50 day simple moving average of $68.44 and a 200-day simple moving average of $65.84.

JPMorgan Equity Focus ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 24th were given a dividend of $0.3881 per share. This is a boost from JPMorgan Equity Focus ETF’s previous dividend of $0.09. The ex-dividend date was Tuesday, December 24th.

Hedge Funds Weigh In On JPMorgan Equity Focus ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JPEF. Thrivent Financial for Lutherans raised its stake in JPMorgan Equity Focus ETF by 4.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 979,969 shares of the company’s stock valued at $64,217,000 after buying an additional 38,156 shares during the last quarter. Beaumont Financial Advisors LLC increased its stake in shares of JPMorgan Equity Focus ETF by 31.3% in the 4th quarter. Beaumont Financial Advisors LLC now owns 466,974 shares of the company’s stock worth $31,339,000 after purchasing an additional 111,342 shares in the last quarter. Investment Planning Advisors Inc. increased its stake in shares of JPMorgan Equity Focus ETF by 66.1% in the 4th quarter. Investment Planning Advisors Inc. now owns 265,768 shares of the company’s stock worth $17,836,000 after purchasing an additional 105,767 shares in the last quarter. Raymond James & Associates increased its stake in shares of JPMorgan Equity Focus ETF by 23.9% in the 3rd quarter. Raymond James & Associates now owns 201,422 shares of the company’s stock worth $13,199,000 after purchasing an additional 38,865 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of JPMorgan Equity Focus ETF by 56.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 156,736 shares of the company’s stock worth $10,519,000 after purchasing an additional 56,459 shares in the last quarter.

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.