JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Hits New 52-Week High – Time to Buy?

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $79.93 and last traded at $79.79, with a volume of 9873 shares changing hands. The stock had previously closed at $79.86.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Down 1.8%

The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 17.83 and a beta of 1.02. The stock’s 50 day moving average price is $77.02 and its two-hundred day moving average price is $72.74.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Breakwater Capital Group raised its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 14.2% during the 2nd quarter. Breakwater Capital Group now owns 4,136 shares of the company’s stock worth $323,000 after purchasing an additional 514 shares in the last quarter. Rockland Trust Co. grew its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 18.1% in the 2nd quarter. Rockland Trust Co. now owns 10,821 shares of the company’s stock valued at $844,000 after buying an additional 1,662 shares in the last quarter. MTM Financial Group LLC increased its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 25.2% in the first quarter. MTM Financial Group LLC now owns 8,158 shares of the company’s stock worth $545,000 after buying an additional 1,642 shares during the last quarter. Western Wealth Management LLC increased its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 3.2% in the first quarter. Western Wealth Management LLC now owns 11,522 shares of the company’s stock worth $769,000 after buying an additional 355 shares during the last quarter. Finally, Curry Webb Wealth Management LLC acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the first quarter worth approximately $2,419,000.

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.