JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Reaches New 12-Month High – Here’s Why

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) shares hit a new 52-week high on Wednesday . The company traded as high as $69.17 and last traded at $68.8690, with a volume of 79732 shares trading hands. The stock had previously closed at $67.47.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 17.83 and a beta of 1.09. The business has a fifty day moving average price of $65.26 and a 200 day moving average price of $63.39.

Institutional Trading of JPMorgan Small & Mid Cap Enhanced Equity ETF

Institutional investors have recently modified their holdings of the company. Main Street Group LTD purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the third quarter worth approximately $30,000. Banco de Sabadell S.A acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 2nd quarter valued at $31,000. Ameritas Advisory Services LLC purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 2nd quarter worth $54,000. Tripletail Wealth Management LLC acquired a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 3rd quarter valued at $59,000. Finally, Steward Partners Investment Advisory LLC raised its position in JPMorgan Small & Mid Cap Enhanced Equity ETF by 80.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,421 shares of the company’s stock valued at $84,000 after purchasing an additional 632 shares during the period.

JPMorgan Small & Mid Cap Enhanced Equity ETF Company Profile

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.