SHP Wealth Management Makes New $20.52 Million Investment in JPMorgan Small & Mid Cap Enhanced Equity ETF $JMEE

SHP Wealth Management acquired a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 318,729 shares of the company’s stock, valued at approximately $20,520,000. JPMorgan Small & Mid Cap Enhanced Equity ETF makes up about 1.6% of SHP Wealth Management’s investment portfolio, making the stock its 14th largest holding. SHP Wealth Management owned 0.95% of JPMorgan Small & Mid Cap Enhanced Equity ETF at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 16.7% during the first quarter. Royal Bank of Canada now owns 149,866 shares of the company’s stock worth $8,390,000 after purchasing an additional 21,434 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 18.2% in the 2nd quarter. Raymond James Financial Inc. now owns 408,759 shares of the company’s stock worth $24,203,000 after buying an additional 62,937 shares during the last quarter. Equitable Holdings Inc. boosted its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 17.1% in the 2nd quarter. Equitable Holdings Inc. now owns 52,710 shares of the company’s stock worth $3,121,000 after buying an additional 7,697 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 2nd quarter worth about $1,523,000. Finally, Stratos Wealth Partners LTD. increased its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 10.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,758 shares of the company’s stock worth $238,000 after buying an additional 352 shares in the last quarter.

JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance

Shares of JPMorgan Small & Mid Cap Enhanced Equity ETF stock opened at $76.38 on Friday. The business has a 50 day simple moving average of $73.39 and a two-hundred day simple moving average of $69.50. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 12 month low of $57.21 and a 12 month high of $77.54. The stock has a market capitalization of $2.77 billion, a P/E ratio of 17.83 and a beta of 1.04.

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.