Independent Advisor Alliance Makes New $7.91 Million Investment in JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE)

Independent Advisor Alliance purchased a new position in shares of JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 130,880 shares of the company’s stock, valued at approximately $7,914,000. Independent Advisor Alliance owned 0.70% of JPMorgan Market Expansion Enhanced Equity ETF as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Oak Harbor Wealth Partners LLC bought a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF in the 4th quarter worth $896,000. Raymond James Financial Inc. bought a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF in the 4th quarter worth $9,715,000. Steward Partners Investment Advisory LLC raised its stake in shares of JPMorgan Market Expansion Enhanced Equity ETF by 70.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 799 shares of the company’s stock worth $48,000 after buying an additional 329 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of JPMorgan Market Expansion Enhanced Equity ETF by 178.9% in the 4th quarter. Jones Financial Companies Lllp now owns 114,745 shares of the company’s stock worth $6,939,000 after buying an additional 73,599 shares in the last quarter. Finally, West Michigan Advisors LLC raised its stake in shares of JPMorgan Market Expansion Enhanced Equity ETF by 4.3% in the 4th quarter. West Michigan Advisors LLC now owns 65,181 shares of the company’s stock worth $3,941,000 after buying an additional 2,672 shares in the last quarter.

JPMorgan Market Expansion Enhanced Equity ETF Stock Performance

JMEE opened at $55.81 on Tuesday. JPMorgan Market Expansion Enhanced Equity ETF has a one year low of $54.16 and a one year high of $66.89. The stock’s fifty day moving average is $60.95 and its 200-day moving average is $61.49. The company has a market capitalization of $1.70 billion, a PE ratio of 17.61 and a beta of 1.22.

JPMorgan Market Expansion 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.