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

Shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) hit a new 52-week high on Tuesday . The stock traded as high as $71.11 and last traded at $71.02, with a volume of 24694 shares. The stock had previously closed at $70.61.

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

The firm has a 50-day simple moving average of $68.54 and a two-hundred day simple moving average of $66.23. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 17.83 and a beta of 1.07.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. LPL Financial LLC increased its position in JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.3% in the 4th quarter. LPL Financial LLC now owns 1,950,272 shares of the company’s stock worth $125,558,000 after purchasing an additional 133,225 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 6.3% during the fourth quarter. Crestwood Advisors Group LLC now owns 994,466 shares of the company’s stock valued at $64,024,000 after buying an additional 58,599 shares in the last quarter. CWM LLC raised its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 121.6% during the fourth 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 in the last quarter. Syntegra Private Wealth Group LLC raised its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 2.4% during the third quarter. Syntegra Private Wealth Group LLC now owns 819,349 shares of the company’s stock valued at $51,971,000 after buying an additional 19,366 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 19.9% during the fourth quarter. Cetera Investment Advisers now owns 660,274 shares of the company’s stock valued at $42,508,000 after buying an additional 109,404 shares in the last quarter.

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.