JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) Sees Unusually-High Trading Volume – Still a Buy?

Shares of JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) saw strong trading volume on Tuesday . 176,801 shares were traded during mid-day trading, an increase of 19% from the previous session’s volume of 148,838 shares.The stock last traded at $52.86 and had previously closed at $52.48.

JPMorgan Market Expansion Enhanced Equity ETF Stock Performance

The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 16.00 and a beta of 1.20. The business’s 50-day simple moving average is $56.61 and its 200-day simple moving average is $60.43.

Institutional Trading of JPMorgan Market Expansion Enhanced Equity ETF

Institutional investors have recently made changes to their positions in the business. LPL Financial LLC raised its stake in JPMorgan Market Expansion Enhanced Equity ETF by 38.9% in the fourth quarter. LPL Financial LLC now owns 1,528,202 shares of the company’s stock valued at $92,410,000 after buying an additional 427,626 shares during the period. Total Wealth Planning LLC acquired a new stake in JPMorgan Market Expansion Enhanced Equity ETF during the 4th quarter valued at $20,288,000. Meridian Financial Partners LLC acquired a new position in shares of JPMorgan Market Expansion Enhanced Equity ETF in the first quarter valued at $14,666,000. Advisory Resource Group bought a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF during the 3rd quarter worth about $14,955,000. Finally, B & T Capital Management DBA Alpha Capital Management bought a new position in JPMorgan Market Expansion Enhanced Equity ETF in the 4th quarter valued at about $11,223,000.

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.