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

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $77.54 and last traded at $77.36, with a volume of 4548 shares trading hands. The stock had previously closed at $76.46.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Up 0.7%

The company has a market cap of $2.80 billion, a P/E ratio of 17.83 and a beta of 1.04. The stock has a 50 day moving average price of $72.58 and a two-hundred day moving average price of $69.13.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.3% during the fourth quarter. LPL Financial LLC now owns 1,950,272 shares of the company’s stock worth $125,558,000 after buying an additional 133,225 shares in the last quarter. Crestwood Advisors Group LLC boosted its position 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 valued at $64,024,000 after acquiring an additional 58,599 shares during the period. CWM LLC grew its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 121.6% in the fourth quarter. CWM LLC now owns 958,735 shares of the company’s stock valued at $61,723,000 after acquiring an additional 526,040 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 3.1% in the first quarter. Cetera Investment Advisers now owns 680,755 shares of the company’s stock valued at $45,454,000 after acquiring an additional 20,481 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in JPMorgan Small & Mid Cap Enhanced Equity ETF by 53.3% during the first quarter. Bank of New York Mellon Corp now owns 562,789 shares of the company’s stock worth $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.