JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Reaches New 1-Year High – Time to Buy?

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $78.23 and last traded at $78.03, with a volume of 133132 shares changing hands. The stock had previously closed at $77.47.

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

The firm’s fifty day moving average price is $74.27 and its 200 day moving average price is $70.11. The stock has a market cap of $2.83 billion, a PE ratio of 17.83 and a beta of 1.04.

Institutional Trading of JPMorgan Small & Mid Cap Enhanced Equity ETF

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings 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 valued at $8,390,000 after purchasing an additional 21,434 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of 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 purchasing an additional 62,937 shares during the last quarter. Equitable Holdings Inc. increased its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 17.1% during the 2nd quarter. Equitable Holdings Inc. now owns 52,710 shares of the company’s stock valued at $3,121,000 after purchasing an additional 7,697 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 2nd quarter valued at $1,523,000. Finally, PNC Financial Services Group Inc. purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 3rd quarter valued at $148,000.

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.