Macco Financial Group Inc. Invests $8.39 Million in JPMorgan Small & Mid Cap Enhanced Equity ETF $JMEE

Macco Financial Group Inc. acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 130,271 shares of the company’s stock, valued at approximately $8,387,000. JPMorgan Small & Mid Cap Enhanced Equity ETF comprises 7.2% of Macco Financial Group Inc.’s investment portfolio, making the stock its 5th biggest position. Macco Financial Group Inc. owned approximately 0.39% of JPMorgan Small & Mid Cap Enhanced Equity ETF as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 16.7% in the first quarter. Royal Bank of Canada now owns 149,866 shares of the company’s stock valued at $8,390,000 after purchasing an additional 21,434 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 18.2% during the second quarter. Raymond James Financial Inc. now owns 408,759 shares of the company’s stock valued at $24,203,000 after buying an additional 62,937 shares during the last quarter. Equitable Holdings Inc. lifted its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 17.1% during the second quarter. Equitable Holdings Inc. now owns 52,710 shares of the company’s stock valued at $3,121,000 after buying an additional 7,697 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the second quarter valued at about $1,523,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 150,987 shares of the company’s stock valued at $9,577,000 after buying an additional 10,811 shares in the last quarter.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Up 1.3%

Shares of JPMorgan Small & Mid Cap Enhanced Equity ETF stock opened at $76.38 on Friday. The firm’s 50 day moving average price is $73.26 and its 200-day moving average price is $69.45. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 52-week low of $57.21 and a 52-week high of $77.54. The company has a market cap of $2.77 billion, a P/E ratio of 17.83 and a beta of 1.04.

JPMorgan Small & Mid Cap Enhanced Equity ETF 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.