JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Sets 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 on Monday . The stock traded as high as $79.93 and last traded at $79.79, with a volume of 9873 shares changing hands. The stock had previously closed at $79.86.

JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance

The stock has a 50-day moving average price of $76.84 and a 200-day moving average price of $72.58. The firm has a market capitalization of $3.00 billion, a PE ratio of 17.83 and a beta of 1.02.

Institutional Investors 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. SilverOak Wealth Management LLC acquired a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter worth $1,283,000. Meridian Financial Partners LLC grew its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.1% during the 4th quarter. Meridian Financial Partners LLC now owns 326,779 shares of the company’s stock valued at $22,515,000 after buying an additional 21,794 shares during the last quarter. Capital Developers LLC acquired a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter worth about $7,177,000. Total Clarity Wealth Management Inc. raised its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 49.2% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 36,398 shares of the company’s stock worth $2,343,000 after acquiring an additional 12,002 shares during the period. Finally, Arete Wealth Advisors LLC lifted its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 145.7% in the first quarter. Arete Wealth Advisors LLC now owns 23,066 shares of the company’s stock worth $1,537,000 after acquiring an additional 13,677 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.