Macco Financial Group Inc. Invests $8.39 Million in JPMorgan Small & Mid Cap Enhanced Equity ETF $JMEE

Macco Financial Group Inc. bought a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 130,271 shares of the company’s stock, valued at approximately $8,387,000. JPMorgan Small & Mid Cap Enhanced Equity ETF comprises 7.2% of Macco Financial Group Inc.’s holdings, making the stock its 5th biggest position.

Several other hedge funds also recently added to or reduced their stakes in JMEE. Smartleaf Asset Management LLC purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter valued at about $26,000. Fifth Third Bancorp purchased a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter worth about $27,000. Godsey & Gibb Inc. purchased a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter worth about $45,000. Root Financial Partners LLC acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter valued at about $75,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter valued at about $89,000.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Up 1.3%

Shares of JPMorgan Small & Mid Cap Enhanced Equity ETF stock opened at $76.38 on Friday. The company has a 50 day moving average price of $73.26 and a 200 day moving average price of $69.45. The firm has a market capitalization of $2.77 billion, a P/E ratio of 17.83 and a beta of 1.04. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 52 week low of $57.21 and a 52 week high of $77.54.

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.