JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Sets New 52-Week High – Still a Buy?

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s share price hit a new 52-week high on Friday . The company traded as high as $67.39 and last traded at $66.8730, with a volume of 9928 shares trading hands. The stock had previously closed at $66.82.

JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance

The stock has a market capitalization of $2.21 billion, a PE ratio of 17.83 and a beta of 1.09. The company’s 50 day moving average price is $64.53 and its two-hundred day moving average price is $62.87.

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

A number of hedge funds have recently modified their holdings of the company. Main Street Group LTD purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the third quarter worth approximately $30,000. Banco de Sabadell S.A acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the second quarter valued at about $31,000. Ameritas Advisory Services LLC purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the second quarter worth about $54,000. Tripletail Wealth Management LLC acquired a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the third quarter valued at about $59,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 80.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,421 shares of the company’s stock valued at $84,000 after acquiring an additional 632 shares during the period.

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.