JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Hits New 52-Week High – Here’s What Happened

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $79.93 and last traded at $79.79, with a volume of 9873 shares changing hands. The stock had previously closed at $79.86.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 17.83 and a beta of 1.02. The company’s 50 day simple moving average is $76.84 and its 200 day simple moving average is $72.58.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JMEE. Smartleaf Asset Management LLC acquired a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth approximately $26,000. Fifth Third Bancorp acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 4th quarter valued at $27,000. Pinnacle Bancorp Inc. acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 1st quarter valued at $38,000. Godsey & Gibb Inc. bought a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter worth $45,000. Finally, Root Financial Partners LLC bought a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter worth $75,000.

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.