Merit Financial Group LLC Takes $526,000 Position in JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE)

Merit Financial Group LLC purchased a new stake in JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,791 shares of the company’s stock, valued at approximately $526,000. Merit Financial Group LLC owned about 0.06% of JPMorgan Market Expansion Enhanced Equity ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Creative Financial Designs Inc. ADV acquired a new stake in JPMorgan Market Expansion Enhanced Equity ETF during the fourth quarter worth about $3,082,000. AdvisorNet Financial Inc bought a new position in JPMorgan Market Expansion Enhanced Equity ETF in the fourth quarter worth $2,496,000. Ruggaard & Associates LLC lifted its position in JPMorgan Market Expansion Enhanced Equity ETF by 89.2% in the third quarter. Ruggaard & Associates LLC now owns 27,985 shares of the company’s stock worth $1,356,000 after purchasing an additional 13,194 shares during the period. CWM LLC lifted its position in JPMorgan Market Expansion Enhanced Equity ETF by 30.9% in the fourth quarter. CWM LLC now owns 54,074 shares of the company’s stock worth $2,904,000 after purchasing an additional 12,768 shares during the period. Finally, Redhawk Wealth Advisors Inc. lifted its position in JPMorgan Market Expansion Enhanced Equity ETF by 66.8% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 30,417 shares of the company’s stock worth $1,634,000 after purchasing an additional 12,184 shares during the period.

JPMorgan Market Expansion Enhanced Equity ETF Price Performance

Shares of JMEE stock opened at $57.42 on Wednesday. The stock has a market cap of $1.05 billion, a P/E ratio of 14.65 and a beta of 1.07. JPMorgan Market Expansion Enhanced Equity ETF has a one year low of $45.17 and a one year high of $58.89. The stock has a fifty day moving average price of $56.43 and a 200 day moving average price of $53.21.

JPMorgan Market Expansion 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.