Raymond James Financial Inc. Purchases Shares of 888,922 JPMorgan Equity Focus ETF (NASDAQ:JPEF)

Raymond James Financial Inc. purchased a new stake in shares of JPMorgan Equity Focus ETF (NASDAQ:JPEF) during the 4th quarter, HoldingsChannel reports. The firm purchased 888,922 shares of the company’s stock, valued at approximately $59,656,000. Raymond James Financial Inc. owned 0.05% of JPMorgan Equity Focus ETF as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its stake in shares of JPMorgan Equity Focus ETF by 4.1% in the third quarter. Thrivent Financial for Lutherans now owns 979,969 shares of the company’s stock worth $64,217,000 after buying an additional 38,156 shares during the last quarter. Beaumont Financial Advisors LLC boosted its stake in shares of JPMorgan Equity Focus ETF by 31.3% in the fourth quarter. Beaumont Financial Advisors LLC now owns 466,974 shares of the company’s stock worth $31,339,000 after buying an additional 111,342 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of JPMorgan Equity Focus ETF in the fourth quarter worth about $19,917,000. Investment Planning Advisors Inc. boosted its stake in shares of JPMorgan Equity Focus ETF by 66.1% in the fourth quarter. Investment Planning Advisors Inc. now owns 265,768 shares of the company’s stock worth $17,836,000 after buying an additional 105,767 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of JPMorgan Equity Focus ETF by 56.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 156,736 shares of the company’s stock worth $10,519,000 after buying an additional 56,459 shares during the last quarter.

JPMorgan Equity Focus ETF Stock Down 2.4 %

Shares of JPEF opened at $63.64 on Tuesday. JPMorgan Equity Focus ETF has a 52 week low of $56.49 and a 52 week high of $70.16. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 25.48 and a beta of 1.11. The stock’s 50-day moving average price is $67.90 and its 200-day moving average price is $67.12.

JPMorgan Equity Focus ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Tuesday, December 24th were paid a $0.3881 dividend. This is an increase from JPMorgan Equity Focus ETF’s previous dividend of $0.09. The ex-dividend date was Tuesday, December 24th.

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.