NewEdge Advisors LLC Buys 13,450 Shares of JPMorgan Small & Mid Cap Enhanced Equity ETF $JMEE

NewEdge Advisors LLC increased its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) by 164.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 21,650 shares of the company’s stock after buying an additional 13,450 shares during the quarter. NewEdge Advisors LLC’s holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF were worth $1,446,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter valued at $26,000. Fifth Third Bancorp acquired a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 4th quarter worth $27,000. Pinnacle Bancorp Inc. acquired a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 1st quarter worth $38,000. Godsey & Gibb Inc. bought a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth $45,000. Finally, Root Financial Partners LLC bought a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth $75,000.

JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance

JMEE stock opened at $79.86 on Monday. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 52 week low of $60.60 and a 52 week high of $79.91. The business has a 50-day simple moving average of $76.84 and a 200 day simple moving average of $72.58. The company has a market cap of $3.00 billion, a PE ratio of 17.83 and a beta of 1.02.

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.