JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Sees Large Volume Increase – Here’s Why

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) shares saw unusually-high trading volume on Wednesday . 427,513 shares changed hands during trading, an increase of 214% from the previous session’s volume of 136,352 shares.The stock last traded at $78.66 and had previously closed at $78.32.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Down 1.0%

The company has a market cap of $2.91 billion, a PE ratio of 17.83 and a beta of 1.02. The stock’s 50 day simple moving average is $77.14 and its two-hundred day simple moving average is $72.88.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 16.7% during the first quarter. Royal Bank of Canada now owns 149,866 shares of the company’s stock worth $8,390,000 after acquiring an additional 21,434 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 18.2% during the 2nd quarter. Raymond James Financial Inc. now owns 408,759 shares of the company’s stock worth $24,203,000 after purchasing an additional 62,937 shares during the period. Equitable Holdings Inc. increased its position in JPMorgan Small & Mid Cap Enhanced Equity ETF by 17.1% during the 2nd quarter. Equitable Holdings Inc. now owns 52,710 shares of the company’s stock worth $3,121,000 after purchasing an additional 7,697 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 2nd quarter worth approximately $1,523,000. Finally, PCG Wealth Advisors LLC purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the third quarter valued at approximately $2,547,000.

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.