Modern Wealth Management LLC Invests $239,000 in JPMorgan Equity Focus ETF (NASDAQ:JPEF)

Modern Wealth Management LLC acquired a new stake in JPMorgan Equity Focus ETF (NASDAQ:JPEF) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 3,467 shares of the company’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. D.A. Davidson & CO. increased its stake in shares of JPMorgan Equity Focus ETF by 146.1% in the 3rd quarter. D.A. Davidson & CO. now owns 30,055 shares of the company’s stock valued at $1,970,000 after acquiring an additional 17,841 shares during the last quarter. MML Investors Services LLC grew its holdings in JPMorgan Equity Focus ETF by 9.6% during the third quarter. MML Investors Services LLC now owns 147,014 shares of the company’s stock valued at $9,634,000 after purchasing an additional 12,850 shares during the period. World Investment Advisors LLC increased its stake in JPMorgan Equity Focus ETF by 1.7% in the third quarter. World Investment Advisors LLC now owns 12,994 shares of the company’s stock valued at $852,000 after purchasing an additional 221 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in JPMorgan Equity Focus ETF by 42.1% in the third quarter. JPMorgan Chase & Co. now owns 53,117 shares of the company’s stock worth $3,481,000 after purchasing an additional 15,728 shares during the period. Finally, Capital Advisors Wealth Management LLC boosted its position in shares of JPMorgan Equity Focus ETF by 18.3% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 7,306 shares of the company’s stock worth $490,000 after purchasing an additional 1,131 shares in the last quarter.

JPMorgan Equity Focus ETF Stock Down 1.9 %

Shares of JPEF stock opened at $63.25 on Friday. JPMorgan Equity Focus ETF has a 12-month low of $56.49 and a 12-month high of $70.16. The firm has a fifty day moving average of $66.93 and a 200-day moving average of $67.11. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 24.28 and a beta of 1.11.

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.