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

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s share price hit a new 52-week high on Wednesday . The company traded as high as $74.91 and last traded at $74.69, with a volume of 9145 shares trading hands. The stock had previously closed at $74.62.

JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance

The firm’s fifty day moving average price is $70.71 and its 200-day moving average price is $68.18. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 17.83 and a beta of 1.05.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter worth $26,000. Fifth Third Bancorp bought a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter valued at about $27,000. Main Street Group LTD acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 3rd quarter valued at about $30,000. Pinnacle Bancorp Inc. bought a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 1st quarter worth approximately $38,000. Finally, Godsey & Gibb Inc. purchased a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth approximately $45,000.

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.