Beaumont Financial Advisors LLC Trims Stake in JPMorgan Equity Focus ETF $JPEF

Beaumont Financial Advisors LLC cut its stake in shares of JPMorgan Equity Focus ETF (NASDAQ:JPEF) by 25.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 519,939 shares of the company’s stock after selling 179,415 shares during the period. JPMorgan Equity Focus ETF makes up approximately 2.6% of Beaumont Financial Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Beaumont Financial Advisors LLC owned about 2.39% of JPMorgan Equity Focus ETF worth $38,522,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in JPMorgan Equity Focus ETF by 63.1% during the first quarter. Royal Bank of Canada now owns 169,423 shares of the company’s stock worth $10,786,000 after buying an additional 65,567 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in JPMorgan Equity Focus ETF during the 1st quarter worth approximately $325,000. MBL Wealth LLC grew its holdings in JPMorgan Equity Focus ETF by 40.2% during the first quarter. MBL Wealth LLC now owns 39,000 shares of the company’s stock valued at $2,483,000 after purchasing an additional 11,177 shares during the period. Modern Wealth Management LLC increased its stake in JPMorgan Equity Focus ETF by 100.5% in the first quarter. Modern Wealth Management LLC now owns 6,907 shares of the company’s stock valued at $440,000 after purchasing an additional 3,462 shares in the last quarter. Finally, Integrity Wealth Advisors Inc. raised its holdings in JPMorgan Equity Focus ETF by 28.7% in the first quarter. Integrity Wealth Advisors Inc. now owns 10,592 shares of the company’s stock worth $674,000 after purchasing an additional 2,364 shares during the period.

JPMorgan Equity Focus ETF Stock Down 0.2%

Shares of NASDAQ JPEF opened at $75.16 on Thursday. JPMorgan Equity Focus ETF has a twelve month low of $55.46 and a twelve month high of $76.28. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 26.67 and a beta of 1.00. The company’s fifty day moving average is $74.91 and its 200-day moving average is $73.22.

JPMorgan Equity Focus ETF Dividend Announcement

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