JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) Sees Large Volume Increase – Should You Buy?

JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) saw unusually-high trading volume on Friday . Approximately 380,712 shares changed hands during mid-day trading, an increase of 90% from the previous session’s volume of 200,872 shares.The stock last traded at $62.47 and had previously closed at $62.31.

JPMorgan Market Expansion Enhanced Equity ETF Trading Up 0.5 %

The firm has a 50-day simple moving average of $63.06 and a two-hundred day simple moving average of $60.69. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.13 and a beta of 1.07.

Institutional Trading of JPMorgan Market Expansion Enhanced Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of JMEE. Modus Advisors LLC acquired a new stake in JPMorgan Market Expansion Enhanced Equity ETF during the third quarter valued at $202,000. Ascent Group LLC acquired a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF during the 2nd quarter valued at about $221,000. Breakwater Capital Group increased its stake in shares of JPMorgan Market Expansion Enhanced Equity ETF by 6.0% in the 4th quarter. Breakwater Capital Group now owns 4,002 shares of the company’s stock valued at $242,000 after purchasing an additional 225 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in JPMorgan Market Expansion Enhanced Equity ETF by 10.9% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,541 shares of the company’s stock worth $277,000 after purchasing an additional 445 shares during the period. Finally, Cornerstone Wealth Management LLC raised its holdings in JPMorgan Market Expansion Enhanced Equity ETF by 27.5% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 5,268 shares of the company’s stock worth $321,000 after purchasing an additional 1,135 shares during the period.

JPMorgan Market Expansion Enhanced Equity ETF Company 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.