Shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE – Get Free Report) saw an uptick in trading volume on Wednesday . Approximately 427,513 shares traded hands during trading, an increase of 214% from the previous session’s volume of 136,352 shares.The stock last traded at $78.66 and had previously closed at $78.32.
JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance
The company has a market cap of $2.94 billion, a PE ratio of 17.83 and a beta of 1.02. The business has a 50 day moving average of $77.02 and a 200 day moving average of $72.74.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the 1st quarter valued at approximately $27,215,000. SHP Wealth Management purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth $20,520,000. Bank of New York Mellon Corp grew its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 53.3% in the first quarter. Bank of New York Mellon Corp now owns 562,789 shares of the company’s stock worth $37,577,000 after purchasing an additional 195,694 shares during the period. Retirement Management Systems Inc. bought a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth $9,413,000. Finally, LPL Financial LLC raised its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.3% in the fourth quarter. LPL Financial LLC now owns 1,950,272 shares of the company’s stock worth $125,558,000 after purchasing an additional 133,225 shares in the last quarter.
JPMorgan Small & Mid Cap Enhanced Equity ETF Company Profile
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.
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