JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Hits New 1-Year High – Still a Buy?

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $77.62 and last traded at $77.45, with a volume of 9943 shares traded. The stock had previously closed at $76.51.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

The business has a fifty day moving average price of $73.77 and a 200 day moving average price of $69.77. The company has a market capitalization of $2.80 billion, a PE ratio of 17.83 and a beta of 1.04.

Institutional Trading of JPMorgan Small & Mid Cap Enhanced Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter worth approximately $26,000. Fifth Third Bancorp purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter valued at $27,000. Pinnacle Bancorp Inc. acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 1st quarter valued at $38,000. Godsey & Gibb Inc. acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 4th quarter valued at $45,000. Finally, Root Financial Partners LLC purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 4th quarter worth $75,000.

JPMorgan Small & Mid Cap 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. JMEE was launched on May 6, 2022 and is managed by JPMorgan Chase.