JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) Reaches New 52-Week Low – Here’s Why

JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $53.26 and last traded at $53.53, with a volume of 60655 shares trading hands. The stock had previously closed at $57.03.

JPMorgan Market Expansion Enhanced Equity ETF Stock Performance

The firm’s 50 day moving average price is $58.79 and its two-hundred day moving average price is $61.05. The company has a market cap of $1.52 billion, a P/E ratio of 17.82 and a beta of 1.22.

Institutional Trading of JPMorgan Market Expansion Enhanced Equity ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Legacy Private Trust Co. increased its position in shares of JPMorgan Market Expansion Enhanced Equity ETF by 66.0% during the first quarter. Legacy Private Trust Co. now owns 17,184 shares of the company’s stock valued at $962,000 after buying an additional 6,830 shares during the period. Modus Advisors LLC grew its stake in JPMorgan Market Expansion Enhanced Equity ETF by 6.5% during the first quarter. Modus Advisors LLC now owns 9,349 shares of the company’s stock valued at $523,000 after acquiring an additional 569 shares in the last quarter. Mascagni Wealth Management Inc. bought a new stake in JPMorgan Market Expansion Enhanced Equity ETF during the 4th quarter worth approximately $143,000. Nestegg Advisors Inc. purchased a new stake in JPMorgan Market Expansion Enhanced Equity ETF in the 4th quarter worth approximately $242,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in JPMorgan Market Expansion Enhanced Equity ETF in the 4th quarter valued at $3,571,000.

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.