Cornerstone Wealth Management LLC Buys 1,585 Shares of JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE)

Cornerstone Wealth Management LLC raised its stake in shares of JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) by 30.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,853 shares of the company’s stock after purchasing an additional 1,585 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in JPMorgan Market Expansion Enhanced Equity ETF were worth $414,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JMEE. Modus Advisors LLC bought a new position in JPMorgan Market Expansion Enhanced Equity ETF in 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% in the 4th quarter. Breakwater Capital Group now owns 4,002 shares of the company’s stock worth $242,000 after acquiring an additional 225 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of 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 purchasing an additional 445 shares during the period. Finally, MN Wealth Advisors LLC boosted its holdings in shares of JPMorgan Market Expansion Enhanced Equity ETF by 7.3% during the 3rd quarter. MN Wealth Advisors LLC now owns 5,443 shares of the company’s stock valued at $332,000 after buying an additional 370 shares in the last quarter.

JPMorgan Market Expansion Enhanced Equity ETF Price Performance

NYSEARCA:JMEE opened at $63.17 on Friday. The company’s 50-day simple moving average is $62.93 and its 200 day simple moving average is $61.02. JPMorgan Market Expansion Enhanced Equity ETF has a one year low of $52.40 and a one year high of $66.89. The firm has a market capitalization of $1.19 billion, a P/E ratio of 15.13 and a beta of 1.07.

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.