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

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $75.74 and last traded at $75.31, with a volume of 18072 shares trading hands. The stock had previously closed at $74.22.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

The stock’s 50 day moving average price is $71.85 and its 200 day moving average price is $68.75. The company has a market capitalization of $2.70 billion, a P/E ratio of 17.83 and a beta of 1.04.

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

A number of institutional investors have recently modified their holdings of JMEE. Smartleaf Asset Management LLC bought a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter worth $26,000. Fifth Third Bancorp bought a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter valued at approximately $27,000. Main Street Group LTD bought a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the third quarter valued at approximately $30,000. Pinnacle Bancorp Inc. bought a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the first quarter valued at approximately $38,000. Finally, Godsey & Gibb Inc. bought a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter valued at approximately $45,000.

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.