JPMorgan Equity Focus ETF (NASDAQ:JPEF) Sees Large Volume Increase – Still a Buy?

JPMorgan Equity Focus ETF (NASDAQ:JPEF) saw strong trading volume on Tuesday . 140,520 shares changed hands during trading, an increase of 37% from the previous session’s volume of 102,198 shares.The stock last traded at $65.62 and had previously closed at $65.36.

JPMorgan Equity Focus ETF Price Performance

The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 24.28 and a beta of 1.11. The firm has a fifty day simple moving average of $67.21 and a 200 day simple moving average of $67.12.

Institutional Investors Weigh In On JPMorgan Equity Focus ETF

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of JPMorgan Equity Focus ETF in the fourth quarter valued at about $59,656,000. Stratos Wealth Partners LTD. acquired a new stake in JPMorgan Equity Focus ETF in the 4th quarter worth about $19,917,000. MML Investors Services LLC increased its stake in JPMorgan Equity Focus ETF by 132.3% during the 4th quarter. MML Investors Services LLC now owns 341,509 shares of the company’s stock worth $22,919,000 after buying an additional 194,495 shares in the last quarter. Novem Group acquired a new position in shares of JPMorgan Equity Focus ETF during the fourth quarter valued at approximately $8,674,000. Finally, Empire Life Investments Inc. acquired a new position in shares of JPMorgan Equity Focus ETF during the fourth quarter valued at approximately $8,214,000.

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.