JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) Sees Large Volume Increase – Here’s Why

Shares of JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) saw an uptick in trading volume on Friday . 380,712 shares traded hands during 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 Price Performance

The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 15.13 and a beta of 1.07. The business’s fifty day simple moving average is $63.02 and its 200 day simple moving average is $60.74.

Institutional Investors Weigh In On JPMorgan Market Expansion Enhanced Equity ETF

A number of institutional investors have recently modified their holdings of JMEE. Modus Advisors LLC acquired a new position in JPMorgan Market Expansion Enhanced Equity ETF in the third quarter valued at approximately $202,000. Ascent Group LLC bought a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF in the 2nd quarter worth approximately $221,000. Breakwater Capital Group boosted its position in JPMorgan Market Expansion Enhanced Equity ETF by 6.0% during 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 during the period. Dynamic Advisor Solutions LLC grew its stake in JPMorgan Market Expansion Enhanced Equity ETF by 10.9% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,541 shares of the company’s stock worth $277,000 after buying an additional 445 shares during the last quarter. Finally, Cornerstone Wealth Management LLC increased its position in JPMorgan Market Expansion Enhanced Equity ETF by 27.5% in the third quarter. Cornerstone Wealth Management LLC now owns 5,268 shares of the company’s stock worth $321,000 after buying 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.