JPMorgan Equity Focus ETF (NASDAQ:JPEF) Reaches New 1-Year High – What’s Next?

Shares of JPMorgan Equity Focus ETF (NASDAQ:JPEF) reached a new 52-week high on Tuesday . The company traded as high as $76.31 and last traded at $76.2440, with a volume of 14900 shares. The stock had previously closed at $76.02.

JPMorgan Equity Focus ETF Trading Up 0.3%

The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 26.67 and a beta of 1.00. The firm’s 50-day moving average is $75.21 and its 200-day moving average is $74.09.

JPMorgan Equity Focus ETF Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its stake in JPMorgan Equity Focus ETF by 19.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 93,254 shares of the company’s stock worth $6,965,000 after acquiring an additional 15,095 shares during the last quarter. HBK Sorce Advisory LLC purchased a new position in JPMorgan Equity Focus ETF in the 4th quarter worth about $213,000. Advisory Alpha LLC increased its position in JPMorgan Equity Focus ETF by 4.4% during the fourth quarter. Advisory Alpha LLC now owns 3,729 shares of the company’s stock valued at $279,000 after acquiring an additional 158 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in shares of JPMorgan Equity Focus ETF in the 4th quarter worth $10,752,000. Finally, Thrivent Financial for Lutherans bought a new position in JPMorgan Equity Focus ETF in the 4th quarter worth approximately $16,453,000.

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.