JPMorgan Equity Focus ETF (NASDAQ:JPEF) Reaches New 12-Month High – Still a Buy?

Shares of JPMorgan Equity Focus ETF (NASDAQ:JPEF) reached a new 52-week high during trading on Friday . The company traded as high as $74.48 and last traded at $74.50, with a volume of 3285 shares traded. The stock had previously closed at $74.28.

JPMorgan Equity Focus ETF Trading Up 0.1%

The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 26.67 and a beta of 1.11. The firm’s 50-day moving average is $72.66 and its two-hundred day moving average is $68.31.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new stake in shares of JPMorgan Equity Focus ETF during the second quarter worth $33,000. Hazlett Burt & Watson Inc. acquired a new position in JPMorgan Equity Focus ETF during the first quarter worth about $46,000. Farther Finance Advisors LLC acquired a new stake in JPMorgan Equity Focus ETF in the 2nd quarter valued at about $55,000. 3Chopt Investment Partners LLC acquired a new stake in JPMorgan Equity Focus ETF in the 1st quarter valued at about $54,000. Finally, Continuum Advisory LLC purchased a new position in JPMorgan Equity Focus ETF in the 1st quarter worth approximately $56,000.

JPMorgan Equity Focus ETF Company Profile

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.