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

Fortitude Financial LLC purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,736 shares of the company’s stock, valued at approximately $2,623,000. JPMorgan Small & Mid Cap Enhanced Equity ETF accounts for approximately 2.2% of Fortitude Financial LLC’s investment portfolio, making the stock its 8th biggest holding.

Several other hedge funds have also made changes to their positions in JMEE. Crestwood Advisors Group LLC increased its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 8.8% in the third quarter. Crestwood Advisors Group LLC now owns 935,867 shares of the company’s stock valued at $59,362,000 after purchasing an additional 75,929 shares during the last quarter. Ashton Thomas Securities LLC boosted its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 79.6% in the 3rd quarter. Ashton Thomas Securities LLC now owns 51,758 shares of the company’s stock worth $3,283,000 after buying an additional 22,935 shares during the last quarter. Verus Capital Partners LLC grew its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 74.7% in the 3rd quarter. Verus Capital Partners LLC now owns 230,899 shares of the company’s stock valued at $14,646,000 after buying an additional 98,753 shares during the period. Meridian Financial Partners LLC increased its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.0% during the 3rd quarter. Meridian Financial Partners LLC now owns 304,985 shares of the company’s stock valued at $19,455,000 after acquiring an additional 19,920 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC increased its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 5.7% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 213,965 shares of the company’s stock valued at $13,775,000 after acquiring an additional 11,582 shares during the last quarter.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Up 2.0%

Shares of JMEE traded up $1.44 during mid-day trading on Friday, hitting $72.36. The company had a trading volume of 121,989 shares, compared to its average volume of 157,944. The business’s 50-day simple moving average is $68.63 and its 200-day simple moving average is $66.34. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 1-year low of $50.69 and a 1-year high of $72.84. The stock has a market cap of $2.64 billion, a PE ratio of 17.83 and a beta of 1.07.

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.