JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) Sets New 1-Year High at $58.84

JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $58.84 and last traded at $58.46, with a volume of 3039 shares traded. The stock had previously closed at $58.34.

JPMorgan Market Expansion Enhanced Equity ETF Stock Performance

The company’s 50-day moving average price is $55.04 and its 200-day moving average price is $51.63. The firm has a market capitalization of $1.01 billion, a PE ratio of 10.38 and a beta of 1.32.

Hedge Funds Weigh In On JPMorgan Market Expansion Enhanced Equity ETF

A number of hedge funds have recently made changes to their positions in the stock. Redhawk Wealth Advisors Inc. increased its stake in JPMorgan Market Expansion Enhanced Equity ETF by 66.8% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 30,417 shares of the company’s stock worth $1,634,000 after buying an additional 12,184 shares during the period. Creative Financial Designs Inc. ADV acquired a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF in the 4th quarter worth approximately $3,082,000. CWM LLC raised its holdings in shares of JPMorgan Market Expansion Enhanced Equity ETF by 113.3% in the 3rd quarter. CWM LLC now owns 41,306 shares of the company’s stock worth $2,002,000 after purchasing an additional 21,939 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of JPMorgan Market Expansion Enhanced Equity ETF by 25.6% during the third quarter. Private Trust Co. NA now owns 4,008 shares of the company’s stock valued at $194,000 after acquiring an additional 817 shares during the period. Finally, Bond & Devick Financial Network Inc. grew its position in JPMorgan Market Expansion Enhanced Equity ETF by 32.7% in the fourth quarter. Bond & Devick Financial Network Inc. now owns 10,597 shares of the company’s stock worth $569,000 after acquiring an additional 2,609 shares in the last quarter.

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.