JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) Sees Large Volume Increase – Should You Buy?

JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) shares saw unusually-strong trading volume on Wednesday . Approximately 567,115 shares traded hands during mid-day trading, an increase of 157% from the previous session’s volume of 220,289 shares.The stock last traded at $62.43 and had previously closed at $62.61.

JPMorgan Market Expansion Enhanced Equity ETF Stock Performance

The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 15.13 and a beta of 1.07. The stock has a fifty day simple moving average of $62.91 and a two-hundred day simple moving average of $61.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Syntegra Private Wealth Group LLC raised its holdings in JPMorgan Market Expansion Enhanced Equity ETF by 2.4% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 820,004 shares of the company’s stock worth $49,586,000 after buying an additional 19,327 shares during the last quarter. CWM LLC lifted its position in JPMorgan Market Expansion Enhanced Equity ETF by 56.1% in the 3rd quarter. CWM LLC now owns 346,824 shares of the company’s stock valued at $21,142,000 after acquiring an additional 124,646 shares in the last quarter. CGC Financial Services LLC boosted its stake in JPMorgan Market Expansion Enhanced Equity ETF by 4.4% during the 4th quarter. CGC Financial Services LLC now owns 341,282 shares of the company’s stock valued at $20,637,000 after purchasing an additional 14,227 shares during the last quarter. Wagner Wealth Management LLC increased its holdings in JPMorgan Market Expansion Enhanced Equity ETF by 8.0% during the 4th quarter. Wagner Wealth Management LLC now owns 335,962 shares of the company’s stock worth $20,316,000 after purchasing an additional 24,874 shares in the last quarter. Finally, Total Wealth Planning LLC purchased a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF in the fourth quarter worth approximately $20,288,000.

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.