LPL Financial LLC Increases Position in JPMorgan Small & Mid Cap Enhanced Equity ETF $JMEE

LPL Financial LLC lifted its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) by 7.3% during the fourth quarter, Holdings Channel reports. The fund owned 1,950,272 shares of the company’s stock after purchasing an additional 133,225 shares during the quarter. LPL Financial LLC owned 0.06% of JPMorgan Small & Mid Cap Enhanced Equity ETF worth $125,558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Crestwood Advisors Group LLC increased its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 8.8% during the third quarter. Crestwood Advisors Group LLC now owns 935,867 shares of the company’s stock worth $59,362,000 after acquiring an additional 75,929 shares during the last quarter. Verus Capital Partners LLC increased its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 74.7% during the third quarter. Verus Capital Partners LLC now owns 230,899 shares of the company’s stock worth $14,646,000 after acquiring an additional 98,753 shares during the last quarter. United Advisor Group LLC increased its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 160.2% during the fourth quarter. United Advisor Group LLC now owns 13,416 shares of the company’s stock worth $864,000 after acquiring an additional 8,259 shares during the last quarter. SilverOak Wealth Management LLC purchased a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter worth about $1,283,000. Finally, Meridian Financial Partners LLC increased its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.1% during the fourth quarter. Meridian Financial Partners LLC now owns 326,779 shares of the company’s stock worth $22,515,000 after acquiring an additional 21,794 shares during the last quarter.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

Shares of NYSEARCA JMEE opened at $73.88 on Thursday. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 1 year low of $57.14 and a 1 year high of $75.74. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 17.83 and a beta of 1.04. The stock’s 50-day simple moving average is $72.21 and its 200-day simple moving average is $68.94.

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.