Fortitude Financial LLC boosted its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE – Free Report) by 63.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,052 shares of the company’s stock after purchasing an additional 15,106 shares during the period. JPMorgan Small & Mid Cap Enhanced Equity ETF comprises 1.4% of Fortitude Financial LLC’s holdings, making the stock its 10th biggest holding. Fortitude Financial LLC owned approximately 0.10% of JPMorgan Small & Mid Cap Enhanced Equity ETF worth $2,873,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JMEE. Cetera Investment Advisers lifted its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 3.1% in the first quarter. Cetera Investment Advisers now owns 680,755 shares of the company’s stock worth $45,454,000 after purchasing an additional 20,481 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 53.3% during the first quarter. Bank of New York Mellon Corp now owns 562,789 shares of the company’s stock valued at $37,577,000 after buying an additional 195,694 shares during the period. Wagner Wealth Management LLC boosted its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 4.5% during the first quarter. Wagner Wealth Management LLC now owns 431,428 shares of the company’s stock valued at $28,806,000 after buying an additional 18,561 shares during the period. Arkadios Wealth Advisors bought a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the first quarter valued at approximately $27,215,000. Finally, Verus Capital Partners LLC grew its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 5.8% during the first quarter. Verus Capital Partners LLC now owns 272,585 shares of the company’s stock valued at $18,201,000 after buying an additional 14,846 shares during the last quarter.
JPMorgan Small & Mid Cap Enhanced Equity ETF Trading Down 0.1%
Shares of NYSEARCA JMEE traded down $0.04 during midday trading on Monday, hitting $73.41. The company’s stock had a trading volume of 189,326 shares, compared to its average volume of 135,816. The business’s 50 day moving average is $75.95 and its two-hundred day moving average is $74.87. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 12-month low of $60.74 and a 12-month high of $79.93. The firm has a market cap of $2.86 billion, a P/E ratio of 17.83 and a beta of 1.03.
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.
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