JPMorgan Chase & Co. Sells 11,042 Shares of JPMorgan Equity Focus ETF (NASDAQ:JPEF)

JPMorgan Chase & Co. cut its holdings in JPMorgan Equity Focus ETF (NASDAQ:JPEF) by 20.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,075 shares of the company’s stock after selling 11,042 shares during the period. JPMorgan Chase & Co. owned about 0.25% of JPMorgan Equity Focus ETF worth $2,824,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JPEF. Raymond James Financial Inc. purchased a new position in shares of JPMorgan Equity Focus ETF during the 4th quarter valued at $59,656,000. Stratos Wealth Partners LTD. bought a new stake in JPMorgan Equity Focus ETF in the 4th quarter valued at about $19,917,000. Empire Life Investments Inc. purchased a new stake in JPMorgan Equity Focus ETF during the fourth quarter valued at about $8,214,000. SPC Financial Inc. bought a new position in JPMorgan Equity Focus ETF during the fourth quarter worth about $7,697,000. Finally, Beaumont Financial Advisors LLC boosted its position in JPMorgan Equity Focus ETF by 31.3% during the fourth quarter. Beaumont Financial Advisors LLC now owns 466,974 shares of the company’s stock worth $31,339,000 after purchasing an additional 111,342 shares during the period.

JPMorgan Equity Focus ETF Stock Up 2.6 %

NASDAQ JPEF opened at $60.24 on Wednesday. The firm has a market cap of $1.24 billion, a P/E ratio of 23.60 and a beta of 1.11. The company’s 50 day moving average is $63.79 and its 200-day moving average is $66.57. JPMorgan Equity Focus ETF has a 12-month low of $55.46 and a 12-month high of $70.16.

About JPMorgan Equity Focus ETF

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.