JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Reaches New 1-Year High – What’s Next?

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) shares hit a new 52-week high on Thursday . The company traded as high as $66.67 and last traded at $66.42, with a volume of 288364 shares changing hands. The stock had previously closed at $65.17.

JPMorgan Small & Mid Cap Enhanced Equity ETF Trading Down 1.3%

The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 17.83 and a beta of 1.09. The stock’s fifty day moving average price is $63.73 and its two-hundred day moving average price is $61.84.

Institutional Trading of JPMorgan Small & Mid Cap Enhanced Equity ETF

A number of institutional investors have recently bought and sold shares of JMEE. Main Street Group LTD purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the 3rd quarter valued at about $30,000. Banco de Sabadell S.A purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the second quarter worth approximately $31,000. Ameritas Advisory Services LLC acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the second quarter valued at approximately $54,000. Tripletail Wealth Management LLC purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the third quarter valued at approximately $59,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 80.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,421 shares of the company’s stock worth $84,000 after purchasing an additional 632 shares in the last quarter.

About JPMorgan Small & Mid Cap Enhanced Equity ETF

The JPMorgan Market Expansion Enhanced Equity ETF (JMEE) is an exchange-traded fund that is based on the S&P 1000 index. The fund is an actively managed portfolio of small- and mid-cap US stocks and REITs. The fund uses a proprietary selection and weighting criteria, aiming to modestly outperform the total return of the S&P 1000 Index.