Truist Financial Corp Sells 15,830 Shares of JPMorgan Equity Focus ETF $JPEF

Truist Financial Corp cut its holdings in shares of JPMorgan Equity Focus ETF (NASDAQ:JPEF) by 25.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 46,091 shares of the company’s stock after selling 15,830 shares during the quarter. Truist Financial Corp’s holdings in JPMorgan Equity Focus ETF were worth $3,415,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans bought a new stake in JPMorgan Equity Focus ETF in the second quarter valued at $22,599,000. Raymond James Financial Inc. raised its holdings in JPMorgan Equity Focus ETF by 9.8% in the 2nd quarter. Raymond James Financial Inc. now owns 1,958,565 shares of the company’s stock worth $137,374,000 after purchasing an additional 175,204 shares in the last quarter. Balance Wealth LLC lifted its position in shares of JPMorgan Equity Focus ETF by 103.7% in the 2nd quarter. Balance Wealth LLC now owns 326,863 shares of the company’s stock worth $22,926,000 after purchasing an additional 166,396 shares during the period. Osaic Holdings Inc. boosted its stake in shares of JPMorgan Equity Focus ETF by 29.1% during the 2nd quarter. Osaic Holdings Inc. now owns 558,669 shares of the company’s stock valued at $39,186,000 after purchasing an additional 125,771 shares in the last quarter. Finally, MML Investors Services LLC increased its position in shares of JPMorgan Equity Focus ETF by 7.6% during the second quarter. MML Investors Services LLC now owns 1,076,371 shares of the company’s stock valued at $75,497,000 after buying an additional 76,189 shares during the period.

JPMorgan Equity Focus ETF Price Performance

JPEF stock opened at $74.48 on Friday. JPMorgan Equity Focus ETF has a 1 year low of $55.46 and a 1 year high of $76.28. The firm has a 50-day moving average of $75.20 and a 200 day moving average of $73.98. The company has a market cap of $1.57 billion, a P/E ratio of 26.67 and a beta of 1.00.

JPMorgan Equity Focus ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, December 16th were paid a $0.5228 dividend. This represents a dividend yield of 70.0%. The ex-dividend date was Tuesday, December 16th.

JPMorgan Equity Focus ETF 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.