JPMorgan Equity Focus ETF (NASDAQ:JPEF) Sees Strong Trading Volume – Should You Buy?

JPMorgan Equity Focus ETF (NASDAQ:JPEF) saw strong trading volume on Tuesday . 140,520 shares traded hands during mid-day 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 stock has a 50 day moving average of $67.11 and a 200 day moving average of $67.13. The firm has a market cap of $1.07 billion, a P/E ratio of 24.28 and a beta of 1.11.

Hedge Funds Weigh In On JPMorgan Equity Focus ETF

Several institutional investors have recently modified their holdings of JPEF. Blair William & Co. IL bought a new stake in JPMorgan Equity Focus ETF in the 4th quarter worth approximately $34,000. Comerica Bank purchased a new position in shares of JPMorgan Equity Focus ETF during the fourth quarter worth approximately $123,000. Private Trust Co. NA bought a new stake in shares of JPMorgan Equity Focus ETF in the 4th quarter worth approximately $135,000. Carnegie Lake Advisors LLC purchased a new stake in shares of JPMorgan Equity Focus ETF in the 4th quarter valued at $201,000. Finally, Institute for Wealth Management LLC. bought a new position in shares of JPMorgan Equity Focus ETF during the 4th quarter valued at $202,000.

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.