Envestnet Asset Management Inc. Sells 176,565 Shares of JPMorgan Equity Focus ETF $JPEF

Envestnet Asset Management Inc. reduced its position in shares of JPMorgan Equity Focus ETF (NASDAQ:JPEF) by 60.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 115,023 shares of the company’s stock after selling 176,565 shares during the quarter. Envestnet Asset Management Inc. owned about 0.53% of JPMorgan Equity Focus ETF worth $8,522,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC raised its position in shares of JPMorgan Equity Focus ETF by 2.5% during the third quarter. Concurrent Investment Advisors LLC now owns 7,317 shares of the company’s stock worth $542,000 after purchasing an additional 181 shares during the period. Captrust Financial Advisors increased its stake in JPMorgan Equity Focus ETF by 8.8% during the 2nd quarter. Captrust Financial Advisors now owns 4,064 shares of the company’s stock valued at $285,000 after purchasing an additional 328 shares in the last quarter. Prosperity Financial Group Inc. raised its holdings in JPMorgan Equity Focus ETF by 4.7% during the second quarter. Prosperity Financial Group Inc. now owns 11,352 shares of the company’s stock worth $796,000 after buying an additional 509 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its stake in shares of JPMorgan Equity Focus ETF by 6.9% in the second quarter. Capital Advisors Wealth Management LLC now owns 9,292 shares of the company’s stock valued at $652,000 after buying an additional 602 shares in the last quarter. Finally, 5T Wealth LLC grew its holdings in shares of JPMorgan Equity Focus ETF by 8.2% during the third quarter. 5T Wealth LLC now owns 9,697 shares of the company’s stock valued at $718,000 after buying an additional 738 shares during the last quarter.

JPMorgan Equity Focus ETF Price Performance

NASDAQ:JPEF opened at $75.19 on Friday. JPMorgan Equity Focus ETF has a one year low of $55.46 and a one year high of $76.49. The company has a market cap of $1.58 billion, a PE ratio of 26.67 and a beta of 1.00. The firm has a 50-day moving average of $75.13 and a 200-day moving average of $74.29.

JPMorgan Equity Focus ETF Announces Dividend

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

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.