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) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $79.21 and last traded at $79.05, with a volume of 22393 shares traded. The stock had previously closed at $78.58.

JPMorgan Small & Mid Cap Enhanced Equity ETF Trading Up 0.6%

The company’s 50 day simple moving average is $76.48 and its 200 day simple moving average is $72.28. The stock has a market capitalization of $2.97 billion, a PE ratio of 17.83 and a beta of 1.02.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter valued at about $26,000. Fifth Third Bancorp purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 4th quarter worth about $27,000. Pinnacle Bancorp Inc. acquired a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the first quarter worth approximately $38,000. Godsey & Gibb Inc. acquired a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth approximately $45,000. Finally, Root Financial Partners LLC purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter valued at approximately $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.