JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Reaches New 12-Month High – Still a Buy?

Shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $77.62 and last traded at $77.45, with a volume of 9943 shares changing hands. The stock had previously closed at $76.51.

JPMorgan Small & Mid Cap Enhanced Equity ETF Trading Up 0.1%

The company has a market cap of $2.81 billion, a P/E ratio of 17.83 and a beta of 1.04. The business’s fifty day moving average is $74.03 and its 200 day moving average is $69.91.

Institutional Trading of JPMorgan Small & Mid Cap Enhanced Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.3% during the 4th quarter. LPL Financial LLC now owns 1,950,272 shares of the company’s stock worth $125,558,000 after acquiring an additional 133,225 shares during the last quarter. Crestwood Advisors Group LLC increased its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 6.3% in the fourth quarter. Crestwood Advisors Group LLC now owns 994,466 shares of the company’s stock worth $64,024,000 after buying an additional 58,599 shares during the period. CWM LLC raised its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 121.6% during the 4th quarter. CWM LLC now owns 958,735 shares of the company’s stock valued at $61,723,000 after buying an additional 526,040 shares during the last quarter. Cetera Investment Advisers boosted its position in JPMorgan Small & Mid Cap Enhanced Equity ETF by 3.1% during the 1st quarter. Cetera Investment Advisers now owns 680,755 shares of the company’s stock valued at $45,454,000 after buying an additional 20,481 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 53.3% in 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 acquiring an additional 195,694 shares during the period.

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.