JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Sets New 12-Month High – What’s Next?

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $71.06 and last traded at $70.29, with a volume of 125768 shares trading hands. The stock had previously closed at $70.39.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Down 0.1%

The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 17.83 and a beta of 1.09. The company’s 50 day moving average is $66.99 and its 200 day moving average is $64.27.

Hedge Funds Weigh In On JPMorgan Small & Mid Cap Enhanced Equity ETF

Several hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC lifted its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 79.6% during the third quarter. Ashton Thomas Securities LLC now owns 51,758 shares of the company’s stock worth $3,283,000 after purchasing an additional 22,935 shares during the period. Atlas Legacy Advisors LLC raised its position in JPMorgan Small & Mid Cap Enhanced Equity ETF by 6.8% during the 2nd quarter. Atlas Legacy Advisors LLC now owns 45,021 shares of the company’s stock worth $2,666,000 after purchasing an additional 2,862 shares during the last quarter. Cetera Investment Advisers raised its position in JPMorgan Small & Mid Cap Enhanced Equity ETF by 13.9% during the 2nd quarter. Cetera Investment Advisers now owns 579,860 shares of the company’s stock worth $34,333,000 after purchasing an additional 70,544 shares during the last quarter. Meridian Financial Partners LLC lifted its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.0% during the 3rd quarter. Meridian Financial Partners LLC now owns 304,985 shares of the company’s stock worth $19,455,000 after buying an additional 19,920 shares during the period. Finally, MAI Capital Management grew its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 423.4% in the 2nd quarter. MAI Capital Management now owns 4,041 shares of the company’s stock valued at $239,000 after buying an additional 3,269 shares during 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.