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

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s stock price hit a new 52-week high on Friday . The stock traded as high as $65.69 and last traded at $65.5810, with a volume of 9590 shares changing hands. The stock had previously closed at $65.32.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 17.83 and a beta of 1.09. The business’s 50 day simple moving average is $63.45 and its 200-day simple moving average is $61.48.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Atlas Legacy Advisors LLC lifted its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 6.8% in the 2nd quarter. Atlas Legacy Advisors LLC now owns 45,021 shares of the company’s stock worth $2,666,000 after acquiring an additional 2,862 shares during the period. Wagner Wealth Management LLC lifted its position in JPMorgan Small & Mid Cap Enhanced Equity ETF by 6.0% in the second quarter. Wagner Wealth Management LLC now owns 387,521 shares of the company’s stock worth $22,945,000 after purchasing an additional 22,020 shares during the period. Cetera Investment Advisers boosted its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 13.9% during the 2nd quarter. Cetera Investment Advisers now owns 579,860 shares of the company’s stock valued at $34,333,000 after purchasing an additional 70,544 shares in the last quarter. Syntegra Private Wealth Group LLC increased its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 5.8% during the 2nd quarter. Syntegra Private Wealth Group LLC now owns 799,983 shares of the company’s stock valued at $47,367,000 after purchasing an additional 44,133 shares during the period. Finally, Rooted Wealth Advisors Inc. raised its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 8.7% in the 2nd quarter. Rooted Wealth Advisors Inc. now owns 16,940 shares of the company’s stock worth $1,028,000 after buying an additional 1,349 shares in the last quarter.

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.