American Trust Reduces Stock Position in JPMorgan Small & Mid Cap Enhanced Equity ETF $JMEE

American Trust lowered its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) by 16.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,271 shares of the company’s stock after selling 11,764 shares during the quarter. American Trust owned 0.18% of JPMorgan Small & Mid Cap Enhanced Equity ETF worth $3,880,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JMEE. CWM LLC boosted its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 121.6% in the fourth quarter. CWM LLC now owns 958,735 shares of the company’s stock worth $61,723,000 after purchasing an additional 526,040 shares during the last quarter. Retirement Management Systems Inc. purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth approximately $9,413,000. LPL Financial LLC boosted its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.3% during the 4th quarter. LPL Financial LLC now owns 1,950,272 shares of the company’s stock worth $125,558,000 after acquiring an additional 133,225 shares during the last quarter. Capital Developers LLC purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 4th quarter worth $7,177,000. Finally, Tcfg Wealth Management LLC purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 3rd quarter worth $7,066,000.

JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance

Shares of JPMorgan Small & Mid Cap Enhanced Equity ETF stock opened at $75.41 on Thursday. The company’s fifty day simple moving average is $73.09 and its 200-day simple moving average is $69.37. The stock has a market capitalization of $2.74 billion, a PE ratio of 17.83 and a beta of 1.04. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 1-year low of $57.21 and a 1-year high of $77.54.

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.