JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Reaches New 52-Week High – What’s Next?

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $75.74 and last traded at $75.31, with a volume of 18072 shares traded. The stock had previously closed at $74.22.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Down 1.2%

The company has a 50 day simple moving average of $72.21 and a 200 day simple moving average of $68.94. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 17.83 and a beta of 1.04.

Institutional Investors Weigh In On JPMorgan Small & Mid Cap Enhanced Equity ETF

Hedge funds have recently modified their holdings of the stock. CWM LLC boosted its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 121.6% in the 4th quarter. CWM LLC now owns 958,735 shares of the company’s stock worth $61,723,000 after acquiring an additional 526,040 shares during the period. Arkadios Wealth Advisors acquired a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the first quarter valued at approximately $27,215,000. SHP Wealth Management purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter valued at $20,520,000. Bank of New York Mellon Corp lifted its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 53.3% in the 1st quarter. Bank of New York Mellon Corp now owns 562,789 shares of the company’s stock worth $37,577,000 after buying an additional 195,694 shares in the last quarter. Finally, Retirement Management Systems Inc. acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth about $9,413,000.

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.