JPMorgan Equity Focus ETF (NASDAQ:JPEF) Hits New 52-Week High – Still a Buy?

JPMorgan Equity Focus ETF (NASDAQ:JPEF)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $81.37 and last traded at $81.34, with a volume of 47855 shares trading hands. The stock had previously closed at $80.12.

JPMorgan Equity Focus ETF Price Performance

The company has a market cap of $2.04 billion, a PE ratio of 26.67 and a beta of 0.96. The firm has a 50-day simple moving average of $79.91 and a two-hundred day simple moving average of $77.19.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd acquired a new stake in shares of JPMorgan Equity Focus ETF during the 3rd quarter worth about $54,000. Ascentis Independent Advisors acquired a new position in shares of JPMorgan Equity Focus ETF in the first quarter valued at approximately $55,000. Godsey & Gibb Inc. purchased a new position in shares of JPMorgan Equity Focus ETF during the fourth quarter valued at approximately $58,000. Western Wealth Management LLC purchased a new position in shares of JPMorgan Equity Focus ETF during the first quarter valued at approximately $62,000. Finally, Root Financial Partners LLC boosted its position in JPMorgan Equity Focus ETF by 470.8% during the fourth quarter. Root Financial Partners LLC now owns 879 shares of the company’s stock worth $66,000 after acquiring an additional 725 shares during the last quarter.

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.