JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Hits New 52-Week High – Should You Buy?

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $77.54 and last traded at $77.36, with a volume of 4548 shares. The stock had previously closed at $76.46.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

The stock has a market cap of $2.77 billion, a P/E ratio of 17.83 and a beta of 1.04. The company’s 50 day moving average price is $72.94 and its 200-day moving average price is $69.29.

Institutional Trading of JPMorgan Small & Mid Cap Enhanced Equity ETF

Institutional investors have recently made changes to their positions in the company. Crestwood Advisors Group LLC grew its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 8.8% in the 3rd 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 in the last quarter. Verus Capital Partners LLC grew its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 74.7% in the 3rd 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 in the last quarter. United Advisor Group LLC grew its position in 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 valued at $864,000 after buying an additional 8,259 shares during the period. SilverOak Wealth Management LLC bought a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter valued at about $1,283,000. Finally, Meridian Financial Partners LLC grew its position in 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 valued at $22,515,000 after buying an additional 21,794 shares during the period.

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.