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

JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $53.26 and last traded at $53.53, with a volume of 60655 shares traded. The stock had previously closed at $57.03.

JPMorgan Market Expansion Enhanced Equity ETF Price Performance

The business’s 50-day moving average is $59.24 and its two-hundred day moving average is $61.17. The firm has a market cap of $1.60 billion, a P/E ratio of 17.82 and a beta of 1.22.

Hedge Funds Weigh In On JPMorgan Market Expansion Enhanced Equity ETF

Several hedge funds have recently modified their holdings of JMEE. Benjamin Edwards Inc. acquired a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF in the 3rd quarter valued at approximately $1,368,000. Stifel Financial Corp lifted its stake in JPMorgan Market Expansion Enhanced Equity ETF by 15.5% in the third quarter. Stifel Financial Corp now owns 61,227 shares of the company’s stock valued at $3,732,000 after acquiring an additional 8,234 shares during the last quarter. MML Investors Services LLC acquired a new stake in JPMorgan Market Expansion Enhanced Equity ETF in the third quarter valued at $349,000. Asset Allocation Strategies LLC bought a new position in shares of JPMorgan Market Expansion Enhanced Equity ETF in the 3rd quarter valued at about $1,261,000. Finally, Arete Wealth Advisors LLC acquired a new position in shares of JPMorgan Market Expansion Enhanced Equity ETF during the 3rd quarter worth about $394,000.

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.