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

Shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $68.27 and last traded at $68.3750, with a volume of 5073 shares. The stock had previously closed at $67.62.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 17.83 and a beta of 1.09. The business’s 50 day moving average is $64.88 and its 200-day moving average is $63.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Advisors Wealth Management LLC grew its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 3,842.8% in the 3rd quarter. Capital Advisors Wealth Management LLC now owns 202,383 shares of the company’s stock valued at $12,837,000 after buying an additional 197,250 shares in the last quarter. Great Valley Advisor Group Inc. raised its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 22.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 845,752 shares of the company’s stock worth $50,077,000 after acquiring an additional 155,064 shares during the period. Tcfg Wealth Management LLC acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 3rd quarter valued at about $7,066,000. Verus Capital Partners LLC boosted its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 74.7% during the 3rd quarter. Verus Capital Partners LLC now owns 230,899 shares of the company’s stock valued at $14,646,000 after acquiring an additional 98,753 shares during the last quarter. Finally, Crestwood Advisors Group LLC grew its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 8.8% in the third quarter. Crestwood Advisors Group LLC now owns 935,867 shares of the company’s stock valued at $59,362,000 after purchasing an additional 75,929 shares during the period.

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.