Cwm LLC has decreased its stake in the JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA: JMEE) by 6.7% during the third quarter of 2023. According to its latest Form 13F filing with the Securities and Exchange Commission, the firm now holds 432,695 shares of the fund after selling 31,296 shares in the quarter. This reduction brings Cwm LLC’s ownership to approximately 1.33% of the ETF, valued at about $27,446,000.
Several other investment firms have also adjusted their positions in JMEE recently. Great Valley Advisor Group Inc. increased its stake by 22.5% in the second quarter, now owning 845,752 shares valued at $50,077,000 after acquiring an additional 155,064 shares. Similarly, Syntegra Private Wealth Group LLC raised its holdings by 5.8%, holding 799,983 shares worth $47,367,000 after purchasing an extra 44,133 shares.
Another investment firm, Osaic Holdings Inc., increased its position in the ETF by 9.4%, now owning 584,916 shares valued at $34,638,000. Cetera Investment Advisers also boosted its stake by 13.9%, reaching a total of 579,860 shares worth $34,333,000. Finally, Total Wealth Planning LLC lifted its position by 11.5%, now holding 442,415 shares valued at $26,195,000.
Current Market Performance of JMEE
As of the latest trading session, the JPMorgan Small & Mid Cap Enhanced Equity ETF opened at $65.79, experiencing a slight decline of 0.1%. The ETF’s performance has been stable, with a 50-day moving average price of $64.21 and a 200-day moving average price of $62.38. The stock boasts a market capitalization of $2.13 billion, a price-to-earnings ratio of 17.83, and a beta of 1.09. Over the past year, JMEE has seen a low of $48.18 and a high of $67.18.
The JPMorgan Market Expansion Enhanced Equity ETF, which launched on May 6, 2022, is designed to track the S&P 1000 index. This actively managed fund comprises a portfolio of small- and mid-cap US stocks and real estate investment trusts (REITs). It aims to achieve modest outperformance against the total return of the S&P 1000 Index through proprietary selection and weighting criteria developed by JPMorgan Chase.
Investors are closely monitoring these shifts in holdings, as they may reflect broader market trends and the evolving strategies of institutional investors in response to economic conditions.