261,978 Shares in JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) Acquired by Meridian Financial Partners LLC

Meridian Financial Partners LLC purchased a new position in shares of JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) during the first quarter, Holdings Channel reports. The firm purchased 261,978 shares of the company’s stock, valued at approximately $14,666,000. JPMorgan Market Expansion Enhanced Equity ETF makes up about 7.4% of Meridian Financial Partners LLC’s holdings, making the stock its 3rd biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank grew its stake in JPMorgan Market Expansion Enhanced Equity ETF by 16.2% during the 4th quarter. Comerica Bank now owns 1,648 shares of the company’s stock worth $100,000 after buying an additional 230 shares during the last quarter. IFP Advisors Inc grew its stake in JPMorgan Market Expansion Enhanced Equity ETF by 32.5% during the 4th quarter. IFP Advisors Inc now owns 953 shares of the company’s stock worth $58,000 after buying an additional 234 shares during the last quarter. Adamsbrown Wealth Consultants LLC grew its stake in JPMorgan Market Expansion Enhanced Equity ETF by 6.5% during the 1st quarter. Adamsbrown Wealth Consultants LLC now owns 4,106 shares of the company’s stock worth $230,000 after buying an additional 249 shares during the last quarter. Prosperity Wealth Management Inc. grew its stake in JPMorgan Market Expansion Enhanced Equity ETF by 8.3% during the 4th quarter. Prosperity Wealth Management Inc. now owns 4,016 shares of the company’s stock worth $243,000 after buying an additional 309 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in JPMorgan Market Expansion Enhanced Equity ETF by 70.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 799 shares of the company’s stock worth $48,000 after buying an additional 329 shares during the last quarter.

JPMorgan Market Expansion Enhanced Equity ETF Stock Up 1.1%

NYSEARCA:JMEE opened at $58.14 on Friday. The stock’s 50 day moving average price is $55.02 and its 200 day moving average price is $58.93. JPMorgan Market Expansion Enhanced Equity ETF has a 52-week low of $48.18 and a 52-week high of $66.89. The company has a market capitalization of $1.80 billion, a PE ratio of 16.24 and a beta of 1.20.

About JPMorgan Market Expansion 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.