JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Reaches New 12-Month High – Time to Buy?

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $75.74 and last traded at $75.31, with a volume of 18072 shares changing hands. The stock had previously closed at $74.22.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

The firm has a market capitalization of $2.70 billion, a PE ratio of 17.83 and a beta of 1.04. The stock’s 50-day simple moving average is $71.85 and its 200-day simple moving average is $68.75.

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

Several hedge funds and other institutional investors have recently bought and sold shares of JMEE. CWM LLC increased its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 121.6% during the 4th quarter. CWM LLC now owns 958,735 shares of the company’s stock valued at $61,723,000 after purchasing an additional 526,040 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the first quarter worth about $27,215,000. SHP Wealth Management acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter valued at approximately $20,520,000. Bank of New York Mellon Corp raised its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 53.3% during the 1st quarter. Bank of New York Mellon Corp now owns 562,789 shares of the company’s stock worth $37,577,000 after buying an additional 195,694 shares during the period. Finally, Retirement Management Systems Inc. acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 4th quarter worth approximately $9,413,000.

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.