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

JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) saw unusually-high trading volume on Thursday . Approximately 65,470 shares were traded during mid-day trading, a decline of 31% from the previous session’s volume of 94,700 shares.The stock last traded at $61.57 and had previously closed at $60.90.

JPMorgan Market Expansion Enhanced Equity ETF Price Performance

The company has a market cap of $1.15 billion, a PE ratio of 15.13 and a beta of 1.07. The company’s 50 day simple moving average is $63.30 and its two-hundred day simple moving average is $60.11.

Hedge Funds Weigh In On JPMorgan Market Expansion Enhanced Equity ETF

Several hedge funds have recently bought and sold shares of JMEE. Syntegra Private Wealth Group LLC acquired a new position in JPMorgan Market Expansion Enhanced Equity ETF in the 3rd quarter valued at $48,809,000. Advisory Resource Group acquired a new position in JPMorgan Market Expansion Enhanced Equity ETF in the third quarter valued at $14,955,000. LPL Financial LLC lifted its position in JPMorgan Market Expansion Enhanced Equity ETF by 23.8% during the second quarter. LPL Financial LLC now owns 823,727 shares of the company’s stock worth $46,656,000 after buying an additional 158,402 shares during the period. CWM LLC lifted its position in JPMorgan Market Expansion Enhanced Equity ETF by 56.1% during the third quarter. CWM LLC now owns 346,824 shares of the company’s stock worth $21,142,000 after buying an additional 124,646 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in JPMorgan Market Expansion Enhanced Equity ETF by 315.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 153,904 shares of the company’s stock worth $8,717,000 after buying an additional 116,830 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.