JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Sets New 1-Year High – Should You Buy?

Shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) reached a new 52-week high during trading on Tuesday . The stock traded as high as $78.24 and last traded at $78.24, with a volume of 10088 shares. The stock had previously closed at $77.36.

JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance

The company has a 50 day moving average of $76.24 and a 200-day moving average of $72.06. The company has a market capitalization of $2.94 billion, a P/E ratio of 17.83 and a beta of 1.02.

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

Several institutional investors and hedge funds have recently made changes to their positions in JMEE. LPL Financial LLC increased its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.3% in the 4th quarter. LPL Financial LLC now owns 1,950,272 shares of the company’s stock worth $125,558,000 after purchasing an additional 133,225 shares in the last quarter. Crestwood Advisors Group LLC lifted its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 6.3% during the 4th quarter. Crestwood Advisors Group LLC now owns 994,466 shares of the company’s stock valued at $64,024,000 after acquiring an additional 58,599 shares during the period. CWM LLC grew its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 121.6% in the fourth 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. Cetera Investment Advisers raised its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 3.1% during the first quarter. Cetera Investment Advisers now owns 680,755 shares of the company’s stock valued at $45,454,000 after purchasing an additional 20,481 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in JPMorgan Small & Mid Cap Enhanced Equity ETF by 53.3% during the first quarter. Bank of New York Mellon Corp now owns 562,789 shares of the company’s stock valued at $37,577,000 after purchasing an additional 195,694 shares during the period.

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.