Investment Planning Advisors Inc. Reduces Holdings in JPMorgan Equity Focus ETF $JPEF

Investment Planning Advisors Inc. cut its stake in JPMorgan Equity Focus ETF (NASDAQ:JPEF) by 87.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,351 shares of the company’s stock after selling 420,721 shares during the period. JPMorgan Equity Focus ETF comprises approximately 1.4% of Investment Planning Advisors Inc.’s portfolio, making the stock its 14th largest position. Investment Planning Advisors Inc.’s holdings in JPMorgan Equity Focus ETF were worth $4,545,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BridgePort Financial Solutions LLC lifted its holdings in shares of JPMorgan Equity Focus ETF by 212.2% in the 2nd quarter. BridgePort Financial Solutions LLC now owns 78,776 shares of the company’s stock valued at $5,525,000 after purchasing an additional 53,546 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in JPMorgan Equity Focus ETF by 286.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 15,764 shares of the company’s stock worth $1,106,000 after buying an additional 11,683 shares during the last quarter. Osaic Holdings Inc. increased its position in JPMorgan Equity Focus ETF by 29.1% during the second quarter. Osaic Holdings Inc. now owns 558,669 shares of the company’s stock worth $39,186,000 after buying an additional 125,771 shares during the period. Fifth Third Bancorp purchased a new stake in JPMorgan Equity Focus ETF in the second quarter valued at approximately $33,000. Finally, Modern Wealth Management LLC lifted its stake in JPMorgan Equity Focus ETF by 100.5% in the first quarter. Modern Wealth Management LLC now owns 6,907 shares of the company’s stock valued at $440,000 after buying an additional 3,462 shares during the last quarter.

JPMorgan Equity Focus ETF Trading Down 0.7%

Shares of JPEF opened at $74.69 on Friday. The company’s 50 day simple moving average is $74.97 and its 200-day simple moving average is $72.98. The firm has a market cap of $1.62 billion, a PE ratio of 26.67 and a beta of 1.00. JPMorgan Equity Focus ETF has a 12-month low of $55.46 and a 12-month high of $76.28.

JPMorgan Equity Focus ETF Announces Dividend

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

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.