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

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $73.40 and last traded at $73.24, with a volume of 13315 shares traded. The stock had previously closed at $72.55.

JPMorgan Small & Mid Cap Enhanced Equity ETF Trading Up 1.5%

The company’s 50 day moving average is $69.01 and its 200 day moving average is $66.94. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 17.83 and a beta of 1.05.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JMEE. Smartleaf Asset Management LLC acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter worth about $26,000. Fifth Third Bancorp bought a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter valued at about $27,000. Main Street Group LTD bought a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 3rd quarter valued at about $30,000. Pinnacle Bancorp Inc. bought a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 1st quarter valued at about $38,000. Finally, Godsey & Gibb Inc. bought a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter valued at about $45,000.

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.