JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Sets New 1-Year High – Here’s Why

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $66.67 and last traded at $66.42, with a volume of 288364 shares changing hands. The stock had previously closed at $65.17.

JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance

The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 17.83 and a beta of 1.09. The stock has a 50-day moving average of $63.62 and a 200 day moving average of $61.74.

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

A number of institutional investors and hedge funds have recently modified their holdings of JMEE. National Bank of Canada FI boosted its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 2.5% in the first quarter. National Bank of Canada FI now owns 44,469 shares of the company’s stock valued at $2,485,000 after acquiring an additional 1,104 shares during the last quarter. Stone House Investment Management LLC bought a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 1st quarter valued at $39,000. Raymond James Financial Inc. raised its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 115.3% during the 1st quarter. Raymond James Financial Inc. now owns 345,822 shares of the company’s stock valued at $19,359,000 after acquiring an additional 185,164 shares during the last quarter. Tradition Wealth Management LLC acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the 1st quarter valued at $4,972,000. Finally, Kestra Advisory Services LLC boosted its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 26.8% in the 1st quarter. Kestra Advisory Services LLC now owns 80,724 shares of the company’s stock worth $4,519,000 after purchasing an additional 17,084 shares during the last quarter.

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.