JPMorgan Small & Mid Cap Enhanced Equity ETF $JMEE Stock: Meridian Financial Partners LLC Raises Position

Meridian Financial Partners LLC lifted its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 358,457 shares of the company’s stock after acquiring an additional 10,833 shares during the period. JPMorgan Small & Mid Cap Enhanced Equity ETF accounts for approximately 8.3% of Meridian Financial Partners LLC’s portfolio, making the stock its 2nd biggest holding. Meridian Financial Partners LLC owned 0.92% of JPMorgan Small & Mid Cap Enhanced Equity ETF worth $26,569,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Simplicity Wealth LLC boosted its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 12.3% during the third quarter. Simplicity Wealth LLC now owns 3,630 shares of the company’s stock worth $267,000 after purchasing an additional 399 shares during the last quarter. Sowell Financial Services LLC purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the third quarter valued at about $298,000. Curry Webb Wealth Management LLC lifted its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 66.6% during the third quarter. Curry Webb Wealth Management LLC now owns 66,430 shares of the company’s stock worth $4,888,000 after purchasing an additional 26,556 shares in the last quarter. Fifth Third Securities Inc. acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the third quarter worth about $2,530,000. Finally, Commonwealth Financial Services LLC purchased a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the third quarter worth about $6,501,000.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

Shares of NYSEARCA:JMEE opened at $73.65 on Friday. The business’s 50-day simple moving average is $75.42 and its 200 day simple moving average is $75.05. The company has a market cap of $2.88 billion, a P/E ratio of 17.83 and a beta of 1.03. JPMorgan Small & Mid Cap Enhanced Equity ETF has a one year low of $60.74 and a one year high of $79.93.

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.