Asset Allocation Strategies LLC Increases Stake in JPMorgan Small & Mid Cap Enhanced Equity ETF $JMEE

Asset Allocation Strategies LLC lifted its position in JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) by 34.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 28,071 shares of the company’s stock after acquiring an additional 7,116 shares during the period. Asset Allocation Strategies LLC’s holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF were worth $1,874,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 16.7% during the 1st quarter. Royal Bank of Canada now owns 149,866 shares of the company’s stock valued at $8,390,000 after purchasing an additional 21,434 shares during the last quarter. Raymond James Financial Inc. lifted its stake in 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 during the last quarter. Equitable Holdings Inc. lifted its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 17.1% in the second quarter. Equitable Holdings Inc. now owns 52,710 shares of the company’s stock worth $3,121,000 after purchasing an additional 7,697 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the second quarter valued at approximately $1,523,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the third quarter valued at approximately $148,000.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

JMEE opened at $77.32 on Monday. The stock’s 50 day moving average price is $74.03 and its 200-day moving average price is $69.94. JPMorgan Small & Mid Cap Enhanced Equity ETF has a one year low of $58.33 and a one year high of $77.80. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 17.83 and a beta of 1.04.

About JPMorgan Small & Mid Cap Enhanced Equity ETF

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.