Gateway Wealth Partners LLC Takes $723,000 Position in JPMorgan Small & Mid Cap Enhanced Equity ETF $JMEE

Gateway Wealth Partners LLC bought a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 10,822 shares of the company’s stock, valued at approximately $723,000.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 16.7% in the 1st 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 in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 18.2% during the second quarter. Raymond James Financial Inc. now owns 408,759 shares of the company’s stock worth $24,203,000 after buying an additional 62,937 shares in the last quarter. Equitable Holdings Inc. boosted its position 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 valued at $3,121,000 after acquiring an additional 7,697 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the second quarter valued at about $1,523,000. Finally, PCG Wealth Advisors LLC acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the third quarter valued at about $2,547,000.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

JMEE stock opened at $75.61 on Thursday. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 52 week low of $58.33 and a 52 week high of $78.23. The company has a market capitalization of $2.82 billion, a PE ratio of 17.83 and a beta of 1.02. The company’s 50-day simple moving average is $75.88 and its 200 day simple moving average is $71.72.

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.