JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Sets New 1-Year High – Should You Buy?

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s stock price reached a new 52-week high on Thursday . The company traded as high as $68.27 and last traded at $68.3750, with a volume of 5073 shares trading hands. The stock had previously closed at $67.62.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

The stock’s 50-day simple moving average is $65.10 and its 200-day simple moving average is $63.25. The firm has a market capitalization of $2.25 billion, a PE ratio of 17.83 and a beta of 1.09.

Institutional Trading of JPMorgan Small & Mid Cap Enhanced Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Western Wealth Management LLC increased its position in JPMorgan Small & Mid Cap Enhanced Equity ETF by 1.5% during the third quarter. Western Wealth Management LLC now owns 10,682 shares of the company’s stock worth $678,000 after purchasing an additional 158 shares during the last quarter. Summit Wealth Partners LLC boosted its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 1.6% in the third quarter. Summit Wealth Partners LLC now owns 11,990 shares of the company’s stock valued at $761,000 after purchasing an additional 189 shares during the period. Breakwater Capital Group increased its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 6.0% during the fourth quarter. Breakwater Capital Group now owns 3,450 shares of the company’s stock worth $222,000 after acquiring an additional 196 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 4.3% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 4,889 shares of the company’s stock valued at $315,000 after buying an additional 202 shares during the period. Finally, PAX Financial Group LLC increased its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 2.6% in the 3rd quarter. PAX Financial Group LLC now owns 8,966 shares of the company’s stock valued at $569,000 after purchasing an additional 231 shares during 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. JMEE was launched on May 6, 2022 and is managed by JPMorgan Chase.