JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Reaches New 1-Year High – Time to Buy?

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) shares reached a new 52-week high on Wednesday . The company traded as high as $78.23 and last traded at $78.03, with a volume of 133132 shares traded. The stock had previously closed at $77.47.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Up 0.7%

The stock’s 50 day moving average price is $74.27 and its 200-day moving average price is $70.11. The stock has a market capitalization of $2.83 billion, a PE ratio of 17.83 and a beta of 1.04.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. MTM Financial Group LLC lifted its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 25.2% in the first quarter. MTM Financial Group LLC now owns 8,158 shares of the company’s stock valued at $545,000 after acquiring an additional 1,642 shares in the last quarter. Western Wealth Management LLC grew its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 3.2% during the first quarter. Western Wealth Management LLC now owns 11,522 shares of the company’s stock worth $769,000 after purchasing an additional 355 shares in the last quarter. Curry Webb Wealth Management LLC bought a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 1st quarter valued at approximately $2,419,000. NewEdge Advisors LLC raised its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 164.0% during the 1st quarter. NewEdge Advisors LLC now owns 21,650 shares of the company’s stock valued at $1,446,000 after purchasing an additional 13,450 shares during the period. Finally, Cozad Asset Management Inc. lifted its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 9.1% in the 1st quarter. Cozad Asset Management Inc. now owns 6,212 shares of the company’s stock worth $415,000 after purchasing an additional 519 shares in the last quarter.

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.