Novem Group Makes New $8.67 Million Investment in JPMorgan Equity Focus ETF (NASDAQ:JPEF)

Novem Group purchased a new position in JPMorgan Equity Focus ETF (NASDAQ:JPEF) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 129,246 shares of the company’s stock, valued at approximately $8,674,000. JPMorgan Equity Focus ETF accounts for 1.3% of Novem Group’s investment portfolio, making the stock its 17th largest position.

Other institutional investors also recently modified their holdings of the company. Vienna Asset Management LLC bought a new stake in shares of JPMorgan Equity Focus ETF during the 4th quarter valued at about $2,615,000. Snowden Capital Advisors LLC acquired a new stake in shares of JPMorgan Equity Focus ETF during the 4th quarter worth approximately $353,000. Cetera Investment Advisers increased its stake in shares of JPMorgan Equity Focus ETF by 53.0% in the 4th quarter. Cetera Investment Advisers now owns 201,430 shares of the company’s stock valued at $13,518,000 after acquiring an additional 69,811 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of JPMorgan Equity Focus ETF by 215.2% in the 4th quarter. Citadel Advisors LLC now owns 28,315 shares of the company’s stock valued at $1,900,000 after acquiring an additional 19,333 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in shares of JPMorgan Equity Focus ETF during the 4th quarter valued at $3,409,000.

JPMorgan Equity Focus ETF Trading Down 0.4%

NASDAQ:JPEF opened at $67.34 on Wednesday. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 24.53 and a beta of 1.11. The firm has a fifty day simple moving average of $63.13 and a two-hundred day simple moving average of $66.34. JPMorgan Equity Focus ETF has a 12 month low of $55.46 and a 12 month high of $70.16.

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.