JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Sets New 52-Week High – Still a Buy?

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $67.39 and last traded at $66.8730, with a volume of 9928 shares. The stock had previously closed at $66.82.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Up 0.7%

The firm has a market cap of $2.21 billion, a PE ratio of 17.83 and a beta of 1.09. The firm’s fifty day simple moving average is $64.53 and its two-hundred day simple moving average is $62.87.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Capital Advisors Wealth Management LLC lifted its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 3,842.8% in the third quarter. Capital Advisors Wealth Management LLC now owns 202,383 shares of the company’s stock valued at $12,837,000 after acquiring an additional 197,250 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 22.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 845,752 shares of the company’s stock valued at $50,077,000 after purchasing an additional 155,064 shares during the period. Tcfg Wealth Management LLC purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 3rd quarter worth approximately $7,066,000. Verus Capital Partners LLC lifted its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 74.7% in the 3rd quarter. Verus Capital Partners LLC now owns 230,899 shares of the company’s stock worth $14,646,000 after purchasing an additional 98,753 shares in the last quarter. Finally, Crestwood Advisors Group LLC lifted its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 8.8% in the 3rd quarter. Crestwood Advisors Group LLC now owns 935,867 shares of the company’s stock worth $59,362,000 after purchasing an additional 75,929 shares in the last quarter.

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.