Modern Wealth Management LLC Raises Holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF $JMEE

Modern Wealth Management LLC raised its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) by 122.5% during the first quarter, Holdings Channel.com reports. The firm owned 58,236 shares of the company’s stock after purchasing an additional 32,065 shares during the quarter. Modern Wealth Management LLC’s holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF were worth $3,916,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter valued at about $26,000. Fifth Third Bancorp purchased a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter worth approximately $27,000. Pinnacle Bancorp Inc. purchased a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the first quarter worth approximately $38,000. Godsey & Gibb Inc. acquired a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter valued at approximately $45,000. Finally, Root Financial Partners LLC acquired a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter valued at approximately $75,000.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Up 0.2%

Shares of JPMorgan Small & Mid Cap Enhanced Equity ETF stock opened at $76.59 on Friday. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 52-week low of $58.33 and a 52-week high of $78.23. The company has a 50 day moving average of $75.62 and a 200 day moving average of $71.48. The company has a market capitalization of $2.86 billion, a P/E ratio of 17.83 and a beta of 1.02.

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.