Avantax Planning Partners Inc. Invests $128.38 Million in JPMorgan Equity Focus ETF $JPEF

Avantax Planning Partners Inc. purchased a new position in shares of JPMorgan Equity Focus ETF (NASDAQ:JPEF) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,787,833 shares of the company’s stock, valued at approximately $128,384,000. JPMorgan Equity Focus ETF makes up 3.5% of Avantax Planning Partners Inc.’s investment portfolio, making the stock its 6th biggest position. Avantax Planning Partners Inc. owned approximately 7.40% of JPMorgan Equity Focus ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. purchased a new position in JPMorgan Equity Focus ETF during the first quarter worth approximately $325,000. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Equity Focus ETF by 33.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 69,703 shares of the company’s stock worth $4,889,000 after acquiring an additional 17,328 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of JPMorgan Equity Focus ETF by 9.8% in the 2nd quarter. Raymond James Financial Inc. now owns 1,958,565 shares of the company’s stock worth $137,374,000 after acquiring an additional 175,204 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of JPMorgan Equity Focus ETF by 7.6% during the 2nd quarter. MML Investors Services LLC now owns 1,076,371 shares of the company’s stock worth $75,497,000 after acquiring an additional 76,189 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of JPMorgan Equity Focus ETF by 8.8% during the 2nd quarter. Captrust Financial Advisors now owns 4,064 shares of the company’s stock worth $285,000 after acquiring an additional 328 shares during the period.

JPMorgan Equity Focus ETF Price Performance

NASDAQ JPEF opened at $80.31 on Tuesday. The firm’s 50-day moving average is $79.83 and its two-hundred day moving average is $76.64. JPMorgan Equity Focus ETF has a 12 month low of $69.61 and a 12 month high of $81.30. The stock has a market capitalization of $1.98 billion, a P/E ratio of 26.67 and a beta of 0.96.

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.