JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Reaches New 1-Year High – What’s Next?

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $78.24 and last traded at $78.24, with a volume of 10088 shares traded. The stock had previously closed at $77.36.

JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance

The company has a 50 day moving average of $76.09 and a 200-day moving average of $71.91. The company has a market cap of $2.96 billion, a P/E ratio of 17.83 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JMEE. Royal Bank of Canada boosted its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 16.7% in the 1st quarter. Royal Bank of Canada now owns 149,866 shares of the company’s stock worth $8,390,000 after purchasing an additional 21,434 shares in the last quarter. Raymond James Financial Inc. increased its position in JPMorgan Small & Mid Cap Enhanced Equity ETF by 18.2% during the 2nd quarter. Raymond James Financial Inc. now owns 408,759 shares of the company’s stock valued at $24,203,000 after buying an additional 62,937 shares in the last quarter. Equitable Holdings Inc. lifted its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 17.1% in the second quarter. Equitable Holdings Inc. now owns 52,710 shares of the company’s stock worth $3,121,000 after buying an additional 7,697 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 2nd quarter worth about $1,523,000. Finally, PCG Wealth Advisors LLC bought a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 3rd quarter valued at $2,547,000.

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.