JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Sees Strong Trading Volume – Should You Buy?

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) saw strong trading volume on Monday . 339,856 shares changed hands during mid-day trading, an increase of 174% from the previous session’s volume of 124,143 shares.The stock last traded at $66.57 and had previously closed at $65.81.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

The business has a 50 day moving average price of $68.62 and a two-hundred day moving average price of $65.55. The stock has a market cap of $2.22 billion, a PE ratio of 17.83 and a beta of 1.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JMEE. Royal Bank of Canada increased its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 16.7% during the 1st quarter. Royal Bank of Canada now owns 149,866 shares of the company’s stock valued at $8,390,000 after purchasing an additional 21,434 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 13.9% in the 2nd quarter. Cetera Investment Advisers now owns 579,860 shares of the company’s stock worth $34,333,000 after buying an additional 70,544 shares during the last quarter. Avantax Advisory Services Inc. grew its position in JPMorgan Small & Mid Cap Enhanced Equity ETF by 46.5% during the second quarter. Avantax Advisory Services Inc. now owns 49,854 shares of the company’s stock valued at $2,952,000 after buying an additional 15,828 shares during the period. Western Wealth Management LLC grew its position in JPMorgan Small & Mid Cap Enhanced Equity ETF by 8.5% during the second quarter. Western Wealth Management LLC now owns 10,524 shares of the company’s stock valued at $623,000 after buying an additional 820 shares during the period. Finally, MAI Capital Management increased its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 423.4% during the second quarter. MAI Capital Management now owns 4,041 shares of the company’s stock worth $239,000 after buying an additional 3,269 shares during the last quarter.

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.