Commonwealth Financial Services LLC Buys New Shares in JPMorgan Small & Mid Cap Enhanced Equity ETF $JMEE

Commonwealth Financial Services LLC bought a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 88,358 shares of the company’s stock, valued at approximately $6,501,000. JPMorgan Small & Mid Cap Enhanced Equity ETF accounts for about 1.2% of Commonwealth Financial Services LLC’s investment portfolio, making the stock its 18th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Breakwater Capital Group boosted its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 5.0% in the first quarter. Breakwater Capital Group now owns 3,622 shares of the company’s stock valued at $242,000 after purchasing an additional 172 shares during the period. IFP Advisors Inc raised its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 25.3% during the 3rd quarter. IFP Advisors Inc now owns 936 shares of the company’s stock valued at $69,000 after acquiring an additional 189 shares in the last quarter. Heritage Wealth Management Inc. lifted its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 2.4% in the 1st quarter. Heritage Wealth Management Inc. now owns 9,011 shares of the company’s stock worth $602,000 after purchasing an additional 208 shares during the last quarter. Luts & Greenleigh Group Inc. raised its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 4.7% during the first quarter. Luts & Greenleigh Group Inc. now owns 5,115 shares of the company’s stock valued at $342,000 after buying an additional 231 shares during the last quarter. Finally, Harbor Asset Planning Inc. grew its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 3.4% in the first quarter. Harbor Asset Planning Inc. now owns 9,776 shares of the company’s stock worth $653,000 after purchasing an additional 317 shares in the last quarter.

JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance

Shares of JMEE traded up $0.55 during midday trading on Tuesday, reaching $73.96. The stock had a trading volume of 90,084 shares, compared to its average volume of 135,562. The firm’s 50 day moving average price is $75.85 and its 200-day moving average price is $74.92. The company has a market capitalization of $2.89 billion, a P/E ratio of 17.83 and a beta of 1.03. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 52 week low of $60.74 and a 52 week high of $79.93.

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.