Prosperity Wealth Management Inc. Grows Holdings in JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE)

Prosperity Wealth Management Inc. grew its stake in JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) by 8.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,016 shares of the company’s stock after acquiring an additional 309 shares during the period. Prosperity Wealth Management Inc.’s holdings in JPMorgan Market Expansion Enhanced Equity ETF were worth $243,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in JMEE. Total Wealth Planning LLC purchased a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF in the 4th quarter valued at approximately $20,288,000. Advisory Resource Group purchased a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF in the 3rd quarter valued at approximately $14,955,000. B & T Capital Management DBA Alpha Capital Management purchased a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF in the 4th quarter valued at approximately $11,223,000. Raymond James Financial Inc. purchased a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF in the 4th quarter valued at approximately $9,715,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF in the 4th quarter valued at approximately $8,258,000.

JPMorgan Market Expansion Enhanced Equity ETF Stock Performance

JPMorgan Market Expansion Enhanced Equity ETF stock opened at $55.49 on Thursday. The company’s 50 day simple moving average is $60.75 and its 200-day simple moving average is $61.41. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 17.61 and a beta of 1.22. JPMorgan Market Expansion Enhanced Equity ETF has a 1 year low of $54.16 and a 1 year high of $66.89.

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.