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

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $78.23 and last traded at $78.03, with a volume of 133132 shares traded. The stock had previously closed at $77.47.

JPMorgan Small & Mid Cap Enhanced Equity ETF Trading Down 0.7%

The company’s 50 day simple moving average is $74.45 and its 200 day simple moving average is $70.26. The stock has a market capitalization of $2.84 billion, a PE ratio of 17.83 and a beta of 1.02.

Hedge Funds Weigh In On JPMorgan Small & Mid Cap Enhanced Equity ETF

Several institutional investors have recently added to or reduced their stakes in JMEE. United Advisor Group LLC boosted its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 160.2% in the 4th quarter. United Advisor Group LLC now owns 13,416 shares of the company’s stock worth $864,000 after buying an additional 8,259 shares during the last quarter. SilverOak Wealth Management LLC acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 4th quarter valued at about $1,283,000. Meridian Financial Partners LLC increased its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.1% during the 4th quarter. Meridian Financial Partners LLC now owns 326,779 shares of the company’s stock valued at $22,515,000 after acquiring an additional 21,794 shares during the last quarter. CWM LLC lifted its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 121.6% during 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. Finally, Capital Advisors Wealth Management LLC lifted its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 5.7% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 213,965 shares of the company’s stock worth $13,775,000 after acquiring an additional 11,582 shares during the period.

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.