JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Hits New 52-Week High – Should You Buy?

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $79.21 and last traded at $79.05, with a volume of 22393 shares traded. The stock had previously closed at $78.58.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Up 0.6%

The firm has a market capitalization of $2.98 billion, a PE ratio of 17.83 and a beta of 1.02. The stock has a 50-day simple moving average of $76.64 and a 200-day simple moving average of $72.42.

Institutional Investors Weigh In On JPMorgan Small & Mid Cap Enhanced Equity ETF

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 16.7% in the first 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. boosted its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 18.2% in the 2nd quarter. Raymond James Financial Inc. now owns 408,759 shares of the company’s stock worth $24,203,000 after buying an additional 62,937 shares during the period. Equitable Holdings Inc. boosted its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 17.1% in the 2nd 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 during the period. Tower Research Capital LLC TRC purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 2nd quarter valued at approximately $1,523,000. Finally, PCG Wealth Advisors LLC purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 3rd quarter valued at approximately $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.