JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) Sees Unusually-High Trading Volume – Here’s Why

JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) shares saw unusually-high trading volume on Friday . Approximately 380,712 shares traded hands during trading, an increase of 90% from the previous session’s volume of 200,872 shares.The stock last traded at $62.47 and had previously closed at $62.31.

JPMorgan Market Expansion Enhanced Equity ETF Stock Performance

The company’s 50-day simple moving average is $63.06 and its 200-day simple moving average is $60.69. The company has a market capitalization of $1.18 billion, a PE ratio of 15.13 and a beta of 1.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Breakwater Capital Group boosted its holdings in shares of JPMorgan Market Expansion Enhanced Equity ETF by 6.0% in the fourth quarter. Breakwater Capital Group now owns 4,002 shares of the company’s stock valued at $242,000 after acquiring an additional 225 shares in the last quarter. MN Wealth Advisors LLC boosted its holdings in JPMorgan Market Expansion Enhanced Equity ETF by 7.3% in the 3rd quarter. MN Wealth Advisors LLC now owns 5,443 shares of the company’s stock valued at $332,000 after purchasing an additional 370 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of JPMorgan Market Expansion Enhanced Equity ETF by 10.9% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,541 shares of the company’s stock worth $277,000 after buying an additional 445 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of JPMorgan Market Expansion Enhanced Equity ETF by 27.5% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 5,268 shares of the company’s stock valued at $321,000 after buying an additional 1,135 shares during the period. Finally, West Michigan Advisors LLC boosted its stake in shares of JPMorgan Market Expansion Enhanced Equity ETF by 2.1% in the third quarter. West Michigan Advisors LLC now owns 62,509 shares of the company’s stock valued at $3,811,000 after buying an additional 1,270 shares in the last quarter.

About JPMorgan Market Expansion 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.