JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Hits New 12-Month High – Here’s Why

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $79.21 and last traded at $79.05, with a volume of 22393 shares trading hands. The stock had previously closed at $78.58.

JPMorgan Small & Mid Cap Enhanced Equity ETF Trading Up 0.6%

The firm has a 50-day moving average of $76.48 and a 200 day moving average of $72.28. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 17.83 and a beta of 1.02.

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

A number of hedge funds have recently bought and sold shares of JMEE. Royal Bank of Canada grew its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 16.7% in the 1st quarter. Royal Bank of Canada now owns 149,866 shares of the company’s stock worth $8,390,000 after acquiring an additional 21,434 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 18.2% in the second quarter. Raymond James Financial Inc. now owns 408,759 shares of the company’s stock worth $24,203,000 after purchasing an additional 62,937 shares in the last quarter. Equitable Holdings Inc. increased its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 17.1% during the 2nd 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 period. Tower Research Capital LLC TRC acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the second quarter valued at approximately $1,523,000. Finally, PCG Wealth Advisors LLC acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 3rd quarter valued at $2,547,000.

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.