JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) Sees Unusually-High Trading Volume

JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) saw an uptick in trading volume on Thursday . 389,189 shares traded hands during mid-day trading, an increase of 378% from the previous session’s volume of 81,422 shares.The stock last traded at $56.20 and had previously closed at $56.18.

JPMorgan Market Expansion Enhanced Equity ETF Stock Performance

The firm has a market capitalization of $1.06 billion, a P/E ratio of 15.13 and a beta of 1.07. The stock’s 50 day simple moving average is $56.80 and its 200 day simple moving average is $55.47.

Hedge Funds Weigh In On JPMorgan Market Expansion Enhanced Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in JMEE. Creative Financial Designs Inc. ADV purchased a new stake in JPMorgan Market Expansion Enhanced Equity ETF during the fourth quarter worth $3,082,000. Triad Wealth Partners LLC bought a new stake in JPMorgan Market Expansion Enhanced Equity ETF during the first quarter valued at about $3,073,000. WJ Wealth Management LLC purchased a new position in JPMorgan Market Expansion Enhanced Equity ETF in the first quarter valued at about $2,787,000. AdvisorNet Financial Inc bought a new position in JPMorgan Market Expansion Enhanced Equity ETF in the fourth quarter worth about $2,496,000. Finally, Leo Wealth LLC purchased a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF during the fourth quarter valued at about $2,338,000.

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.