JPMorgan Equity Focus ETF (NASDAQ:JPEF) Sees Unusually-High Trading Volume – What’s Next?

JPMorgan Equity Focus ETF (NASDAQ:JPEF) saw strong trading volume on Monday . 213,031 shares changed hands during mid-day trading, an increase of 83% from the previous session’s volume of 116,561 shares.The stock last traded at $75.2960 and had previously closed at $75.58.

JPMorgan Equity Focus ETF Stock Down 0.5%

The firm has a market capitalization of $1.63 billion, a P/E ratio of 26.67 and a beta of 1.00. The business’s 50-day simple moving average is $74.94 and its 200 day simple moving average is $72.86.

JPMorgan Equity Focus ETF Announces Dividend

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

Institutional Trading of JPMorgan Equity Focus ETF

Hedge funds have recently added to or reduced their stakes in the business. Beaumont Financial Advisors LLC grew its stake in shares of JPMorgan Equity Focus ETF by 102.1% during the second quarter. Beaumont Financial Advisors LLC now owns 699,354 shares of the company’s stock valued at $49,053,000 after buying an additional 353,389 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in JPMorgan Equity Focus ETF during the 2nd quarter valued at about $22,599,000. Leverty Financial Group LLC bought a new position in JPMorgan Equity Focus ETF during the 2nd quarter worth approximately $20,059,000. Raymond James Financial Inc. grew its position in JPMorgan Equity Focus ETF by 11.2% during the 3rd quarter. Raymond James Financial Inc. now owns 2,177,270 shares of the company’s stock worth $161,314,000 after acquiring an additional 218,705 shares during the last quarter. Finally, Balance Wealth LLC increased its stake in JPMorgan Equity Focus ETF by 103.7% in the 2nd quarter. Balance Wealth LLC now owns 326,863 shares of the company’s stock worth $22,926,000 after purchasing an additional 166,396 shares during the period.

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.