Fortitude Financial LLC Invests $2.62 Million in JPMorgan Small & Mid Cap Enhanced Equity ETF $JMEE

Fortitude Financial LLC bought a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 40,736 shares of the company’s stock, valued at approximately $2,623,000. JPMorgan Small & Mid Cap Enhanced Equity ETF makes up approximately 2.2% of Fortitude Financial LLC’s holdings, making the stock its 8th biggest position. Fortitude Financial LLC owned approximately 0.12% of JPMorgan Small & Mid Cap Enhanced Equity ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Main Street Group LTD purchased a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the third quarter valued at $30,000. Tripletail Wealth Management LLC acquired a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the third quarter valued at $59,000. PNC Financial Services Group Inc. purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 3rd quarter worth about $148,000. Triumph Capital Management acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 3rd quarter valued at about $201,000. Finally, Breakwater Capital Group acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 3rd quarter valued at about $206,000.

JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance

NYSEARCA:JMEE traded up $1.44 on Friday, reaching $72.36. The stock had a trading volume of 121,989 shares, compared to its average volume of 157,944. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 12-month low of $50.69 and a 12-month high of $72.84. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 17.83 and a beta of 1.07. The firm’s fifty day moving average is $68.63 and its two-hundred day moving average is $66.34.

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. JMEE was launched on May 6, 2022 and is managed by JPMorgan Chase.