JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) Sets New 1-Year High – Time to Buy?

JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) reached a new 52-week high on Wednesday . The company traded as high as $64.02 and last traded at $63.97, with a volume of 5251 shares trading hands. The stock had previously closed at $61.60.

JPMorgan Market Expansion Enhanced Equity ETF Stock Up 4.6 %

The firm has a 50 day moving average of $60.25 and a 200-day moving average of $58.43. The firm has a market capitalization of $1.21 billion, a P/E ratio of 15.13 and a beta of 1.07.

Institutional Investors Weigh In On JPMorgan Market Expansion Enhanced Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Hazlett Burt & Watson Inc. raised its position in shares of JPMorgan Market Expansion Enhanced Equity ETF by 76.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,760 shares of the company’s stock valued at $99,000 after buying an additional 760 shares in the last quarter. Modus Advisors LLC acquired a new position in JPMorgan Market Expansion Enhanced Equity ETF during the third quarter valued at approximately $202,000. Envestnet Portfolio Solutions Inc. bought a new stake in JPMorgan Market Expansion Enhanced Equity ETF during the first quarter worth $215,000. Ascent Group LLC acquired a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF in the 2nd quarter valued at $221,000. Finally, Dynamic Advisor Solutions LLC bought a new position in shares of JPMorgan Market Expansion Enhanced Equity ETF in the 2nd quarter valued at $232,000.

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.