JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Reaches New 12-Month High – Still a Buy?

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $71.06 and last traded at $70.29, with a volume of 125768 shares. The stock had previously closed at $70.39.

JPMorgan Small & Mid Cap Enhanced Equity ETF Trading Up 1.2%

The company has a market cap of $2.35 billion, a P/E ratio of 17.83 and a beta of 1.09. The business has a 50 day moving average price of $67.16 and a 200-day moving average price of $64.37.

Institutional Trading of JPMorgan Small & Mid Cap Enhanced Equity ETF

A number of large investors have recently added to or reduced their stakes in JMEE. Smartleaf Asset Management LLC acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter worth approximately $26,000. Fifth Third Bancorp acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 4th quarter worth approximately $27,000. Main Street Group LTD acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 3rd quarter worth approximately $30,000. Banco de Sabadell S.A acquired a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 2nd quarter valued at $31,000. Finally, Godsey & Gibb Inc. acquired a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 4th quarter valued at $45,000.

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.