LPL Financial LLC grew its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE – Free Report) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,950,272 shares of the company’s stock after purchasing an additional 133,225 shares during the quarter. LPL Financial LLC owned 5.84% of JPMorgan Small & Mid Cap Enhanced Equity ETF worth $125,558,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of JMEE. Royal Bank of Canada lifted its stake in shares of 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 purchasing an additional 21,434 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 18.2% during the second 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 in the last quarter. Equitable Holdings Inc. lifted its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 17.1% during the second 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 position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the second quarter worth about $1,523,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.7% during the third quarter. Envestnet Asset Management Inc. now owns 150,987 shares of the company’s stock worth $9,577,000 after purchasing an additional 10,811 shares in the last quarter.
JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance
Shares of JMEE opened at $73.88 on Thursday. The stock’s 50-day moving average is $72.21 and its two-hundred day moving average is $68.94. The stock has a market cap of $2.68 billion, a PE ratio of 17.83 and a beta of 1.04. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 12 month low of $57.14 and a 12 month high of $75.74.
About JPMorgan Small & Mid Cap 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. JMEE was launched on May 6, 2022 and is managed by JPMorgan Chase.
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