Merit Financial Group LLC Buys 19,394 Shares of JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE)

Merit Financial Group LLC boosted its stake in shares of JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) by 139.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 33,339 shares of the company’s stock after purchasing an additional 19,394 shares during the period. Merit Financial Group LLC’s holdings in JPMorgan Market Expansion Enhanced Equity ETF were worth $2,016,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MML Investors Services LLC bought a new position in shares of JPMorgan Market Expansion Enhanced Equity ETF during the 3rd quarter worth approximately $349,000. Janney Montgomery Scott LLC boosted its holdings in shares of JPMorgan Market Expansion Enhanced Equity ETF by 361.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 22,843 shares of the company’s stock valued at $1,393,000 after acquiring an additional 17,895 shares during the last quarter. PCG Wealth Advisors LLC boosted its holdings in shares of JPMorgan Market Expansion Enhanced Equity ETF by 9.3% in the 3rd quarter. PCG Wealth Advisors LLC now owns 44,103 shares of the company’s stock valued at $2,689,000 after acquiring an additional 3,751 shares during the last quarter. Summit Wealth Partners LLC purchased a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF in the 2nd quarter valued at $574,000. Finally, Modus Advisors LLC acquired a new position in shares of JPMorgan Market Expansion Enhanced Equity ETF in the 3rd quarter valued at $202,000.

JPMorgan Market Expansion Enhanced Equity ETF Price Performance

JMEE opened at $62.63 on Tuesday. The firm has a fifty day moving average price of $63.02 and a 200 day moving average price of $60.80. JPMorgan Market Expansion Enhanced Equity ETF has a 1 year low of $51.77 and a 1 year high of $66.89. The stock has a market cap of $1.18 billion, a P/E ratio of 15.13 and a beta of 1.07.

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.