JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) Sees Unusually-High Trading Volume – Time to Buy?

JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) saw an uptick in trading volume on Friday . 68,017 shares changed hands during trading, an increase of 20% from the previous session’s volume of 56,778 shares.The stock last traded at $60.57 and had previously closed at $60.34.

JPMorgan Market Expansion Enhanced Equity ETF Trading Up 0.7 %

The company’s fifty day moving average is $63.16 and its 200 day moving average is $60.38. The company has a market capitalization of $1.14 billion, a P/E ratio of 15.13 and a beta of 1.07.

Institutional Investors Weigh In On JPMorgan Market Expansion Enhanced Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. MML Investors Services LLC bought a new position in JPMorgan Market Expansion Enhanced Equity ETF in the 3rd quarter valued at $349,000. Janney Montgomery Scott LLC increased its position in shares of JPMorgan Market Expansion Enhanced Equity ETF by 361.7% in the third quarter. Janney Montgomery Scott LLC now owns 22,843 shares of the company’s stock worth $1,393,000 after purchasing an additional 17,895 shares during the last quarter. LPL Financial LLC raised its stake in JPMorgan Market Expansion Enhanced Equity ETF by 23.8% in the second quarter. LPL Financial LLC now owns 823,727 shares of the company’s stock valued at $46,656,000 after purchasing an additional 158,402 shares in the last quarter. PCG Wealth Advisors LLC lifted its position in JPMorgan Market Expansion Enhanced Equity ETF by 9.3% during the third quarter. PCG Wealth Advisors LLC now owns 44,103 shares of the company’s stock valued at $2,689,000 after purchasing an additional 3,751 shares during the last quarter. Finally, Summit Wealth Partners LLC purchased a new position in JPMorgan Market Expansion Enhanced Equity ETF in the 2nd quarter worth approximately $574,000.

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.