McLaughlin Asset Management Inc. Invests $1.68 Million in JPMorgan Small & Mid Cap Enhanced Equity ETF $JMEE

McLaughlin Asset Management Inc. purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) during the 4th quarter, Holdings Channel.com reports. The firm purchased 26,065 shares of the company’s stock, valued at approximately $1,678,000. JPMorgan Small & Mid Cap Enhanced Equity ETF makes up about 1.5% of McLaughlin Asset Management Inc.’s holdings, making the stock its 17th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 16.7% during the first quarter. Royal Bank of Canada now owns 149,866 shares of the company’s stock valued at $8,390,000 after buying an additional 21,434 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 18.2% in the second quarter. Raymond James Financial Inc. now owns 408,759 shares of the company’s stock worth $24,203,000 after acquiring an additional 62,937 shares in the last quarter. Equitable Holdings Inc. grew its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 17.1% in the second quarter. Equitable Holdings Inc. now owns 52,710 shares of the company’s stock worth $3,121,000 after acquiring an additional 7,697 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the second quarter valued at $1,523,000. Finally, Envestnet Asset Management Inc. grew its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.7% during the third quarter. Envestnet Asset Management Inc. now owns 150,987 shares of the company’s stock worth $9,577,000 after purchasing an additional 10,811 shares in the last quarter.

JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance

NYSEARCA JMEE opened at $76.38 on Friday. The stock has a market capitalization of $2.77 billion, a PE ratio of 17.83 and a beta of 1.04. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 1-year low of $57.21 and a 1-year high of $77.54. The business has a 50 day simple moving average of $73.26 and a two-hundred day simple moving average of $69.45.

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.