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

JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) shares saw unusually-high trading volume on Friday . Approximately 265,568 shares were traded during trading, an increase of 187% from the previous session’s volume of 92,645 shares.The stock last traded at $64.21 and had previously closed at $64.34.

JPMorgan Market Expansion Enhanced Equity ETF Trading Down 0.4 %

The company’s 50-day moving average is $63.16 and its two-hundred day moving average is $59.96. The stock has a market capitalization of $1.20 billion, a P/E ratio of 15.13 and a beta of 1.07.

Institutional Investors Weigh In On JPMorgan Market Expansion Enhanced Equity ETF

A number of hedge funds have recently made changes to their positions in JMEE. Envestnet Portfolio Solutions Inc. raised its stake in shares of JPMorgan Market Expansion Enhanced Equity ETF by 148.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 9,135 shares of the company’s stock valued at $517,000 after purchasing an additional 5,457 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of JPMorgan Market Expansion Enhanced Equity ETF by 62.1% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 14,242 shares of the company’s stock worth $807,000 after acquiring an additional 5,457 shares during the period. Concourse Financial Group Securities Inc. boosted its holdings in shares of JPMorgan Market Expansion Enhanced Equity ETF by 59.0% in the second quarter. Concourse Financial Group Securities Inc. now owns 32,977 shares of the company’s stock valued at $1,868,000 after acquiring an additional 12,240 shares in the last quarter. MN Wealth Advisors LLC bought a new position in shares of JPMorgan Market Expansion Enhanced Equity ETF in the second quarter valued at approximately $287,000. Finally, Zimmermann Investment Management & Planning LLC increased its stake in shares of JPMorgan Market Expansion Enhanced Equity ETF by 23.5% during the second quarter. Zimmermann Investment Management & Planning LLC now owns 30,850 shares of the company’s stock valued at $1,747,000 after acquiring an additional 5,865 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.