JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) Sets New 52-Week High – What’s Next?

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

JPMorgan Market Expansion Enhanced Equity ETF Trading Up 1.5 %

The firm’s fifty day simple moving average is $61.69 and its two-hundred day simple moving average is $59.16. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 15.13 and a beta of 1.07.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JMEE. Advisory Resource Group acquired a new stake in JPMorgan Market Expansion Enhanced Equity ETF during the third quarter worth $14,955,000. Arete Wealth Advisors LLC purchased a new position in shares of JPMorgan Market Expansion Enhanced Equity ETF during the 3rd quarter worth $394,000. Asset Allocation Strategies LLC acquired a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF during the 3rd quarter worth about $1,261,000. MML Investors Services LLC purchased a new stake in JPMorgan Market Expansion Enhanced Equity ETF in the 3rd quarter valued at about $349,000. Finally, Stifel Financial Corp raised its holdings in JPMorgan Market Expansion Enhanced Equity ETF by 15.5% in the 3rd quarter. Stifel Financial Corp now owns 61,227 shares of the company’s stock valued at $3,732,000 after buying an additional 8,234 shares during the period.

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.