Integrated Wealth Concepts LLC Takes $8.59 Million Position in JPMorgan Small & Mid Cap Enhanced Equity ETF $JMEE

Integrated Wealth Concepts LLC purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 110,138 shares of the company’s stock, valued at approximately $8,594,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC acquired a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter valued at $26,000. Pinnacle Bancorp Inc. acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 1st quarter worth $38,000. Root Financial Partners LLC acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 4th quarter worth $75,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter worth about $89,000. Finally, Greenline Wealth Management LLC bought a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter worth about $145,000.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

NYSEARCA:JMEE opened at $75.03 on Friday. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 17.83 and a beta of 1.02. JPMorgan Small & Mid Cap Enhanced Equity ETF has a one year low of $60.74 and a one year high of $79.93. The stock has a 50-day simple moving average of $77.13 and a 200 day simple moving average of $73.61.

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.