Envestnet Asset Management Inc. Has $9.58 Million Holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF $JMEE

Envestnet Asset Management Inc. increased its position in JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) by 7.7% in the third quarter, HoldingsChannel reports. The firm owned 150,987 shares of the company’s stock after acquiring an additional 10,811 shares during the period. Envestnet Asset Management Inc.’s holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF were worth $9,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JMEE. Capital Advisors Wealth Management LLC grew its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 3,842.8% during the third quarter. Capital Advisors Wealth Management LLC now owns 202,383 shares of the company’s stock valued at $12,837,000 after buying an additional 197,250 shares in the last quarter. Great Valley Advisor Group Inc. boosted its position 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 worth $50,077,000 after acquiring an additional 155,064 shares during the period. American Trust purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 2nd quarter valued at about $4,479,000. Cetera Investment Advisers increased its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 13.9% in the 2nd quarter. Cetera Investment Advisers now owns 579,860 shares of the company’s stock valued at $34,333,000 after purchasing an additional 70,544 shares during the period. Finally, Raymond James Financial Inc. lifted its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 18.2% in the second quarter. Raymond James Financial Inc. now owns 408,759 shares of the company’s stock worth $24,203,000 after purchasing an additional 62,937 shares in the last quarter.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

Shares of JMEE opened at $70.43 on Thursday. The company’s 50 day moving average price is $67.45 and its 200 day moving average price is $64.61. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 52 week low of $48.18 and a 52 week high of $71.10. The company has a market capitalization of $2.35 billion, a PE ratio of 17.83 and a beta of 1.09.

JPMorgan Small & Mid Cap Enhanced Equity ETF 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.