JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) Sets New 1-Year High – Here’s Why

JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) reached a new 52-week high on Friday . The stock traded as high as $65.63 and last traded at $65.43, with a volume of 94552 shares changing hands. The stock had previously closed at $64.44.

JPMorgan Market Expansion Enhanced Equity ETF Price Performance

The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 15.13 and a beta of 1.07. The stock has a 50 day moving average price of $61.69 and a 200-day moving average price of $59.16.

Institutional Investors Weigh In On JPMorgan Market Expansion Enhanced Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in JMEE. Cetera Investment Advisers lifted its stake in shares of JPMorgan Market Expansion Enhanced Equity ETF by 62.3% in the first quarter. Cetera Investment Advisers now owns 40,099 shares of the company’s stock worth $2,347,000 after buying an additional 15,390 shares in the last quarter. CWM LLC lifted its stake in JPMorgan Market Expansion Enhanced Equity ETF by 42.1% in the 2nd quarter. CWM LLC now owns 222,178 shares of the company’s stock worth $12,584,000 after purchasing an additional 65,828 shares in the last quarter. Stewardship Advisors LLC boosted its holdings in shares of JPMorgan Market Expansion Enhanced Equity ETF by 15.1% during the 2nd quarter. Stewardship Advisors LLC now owns 114,088 shares of the company’s stock worth $6,462,000 after purchasing an additional 14,953 shares during the last quarter. Choice Wealth Advisors LLC purchased a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF in the second quarter valued at approximately $8,218,000. Finally, Fifth Third Securities Inc. acquired a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF in the second quarter valued at approximately $854,000.

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.