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

JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) shares saw unusually-strong trading volume on Friday . Approximately 380,712 shares changed 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 company has a market capitalization of $1.18 billion, a PE ratio of 15.13 and a beta of 1.07. The stock has a 50-day simple moving average of $63.02 and a 200 day simple moving average of $60.74.

Institutional Investors Weigh In On JPMorgan Market Expansion Enhanced Equity ETF

A number of large investors have recently added to or reduced their stakes in JMEE. Modus Advisors LLC acquired a new position in JPMorgan Market Expansion Enhanced Equity ETF during the third quarter worth about $202,000. Ascent Group LLC purchased a new position in shares of JPMorgan Market Expansion Enhanced Equity ETF during the 2nd quarter worth approximately $221,000. Breakwater Capital Group raised its position in shares of 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 worth $242,000 after purchasing an additional 225 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in JPMorgan Market Expansion Enhanced Equity ETF by 10.9% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,541 shares of the company’s stock valued at $277,000 after buying an additional 445 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its holdings in JPMorgan Market Expansion Enhanced Equity ETF by 27.5% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 5,268 shares of the company’s stock valued at $321,000 after buying an additional 1,135 shares during 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.