Spinnaker Trust Makes New $210,000 Investment in JPMorgan Small & Mid Cap Enhanced Equity ETF $JMEE

Spinnaker Trust purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) in the second quarter, Holdings Channel reports. The fund purchased 3,554 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC bought a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the 1st quarter worth $39,000. Ameritas Advisory Services LLC acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the second quarter valued at $54,000. Comerica Bank raised its position in JPMorgan Small & Mid Cap Enhanced Equity ETF by 33.7% during the first quarter. Comerica Bank now owns 2,203 shares of the company’s stock valued at $123,000 after buying an additional 555 shares during the period. Stratos Wealth Partners LTD. acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the second quarter valued at $202,000. Finally, Heritage Wealth Management Inc. acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the first quarter valued at $224,000.

JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance

Shares of NYSEARCA JMEE opened at $63.04 on Friday. The business’s 50-day moving average price is $63.36 and its two-hundred day moving average price is $59.98. JPMorgan Small & Mid Cap Enhanced Equity ETF has a one year low of $48.18 and a one year high of $66.89. The company has a market capitalization of $2.04 billion, a P/E 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.