Summit Wealth Partners LLC Invests $574,000 in JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE)

Summit Wealth Partners LLC bought a new stake in JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,142 shares of the company’s stock, valued at approximately $574,000. Summit Wealth Partners LLC owned 0.05% of JPMorgan Market Expansion Enhanced Equity ETF at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in JMEE. CGC Financial Services LLC acquired a new position in shares of JPMorgan Market Expansion Enhanced Equity ETF in the second quarter valued at about $18,144,000. LPL Financial LLC increased its holdings in JPMorgan Market Expansion Enhanced Equity ETF by 23.8% in the 2nd 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. Choice Wealth Advisors LLC purchased a new position in JPMorgan Market Expansion Enhanced Equity ETF during the 2nd quarter worth approximately $8,218,000. Northwestern Mutual Wealth Management Co. lifted its stake in JPMorgan Market Expansion Enhanced Equity ETF by 315.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 153,904 shares of the company’s stock valued at $8,717,000 after acquiring an additional 116,830 shares during the period. Finally, Flynn Zito Capital Management LLC acquired a new stake in shares of JPMorgan Market Expansion Enhanced Equity ETF in the second quarter worth $6,434,000.

JPMorgan Market Expansion Enhanced Equity ETF Price Performance

Shares of JPMorgan Market Expansion Enhanced Equity ETF stock opened at $60.36 on Wednesday. JPMorgan Market Expansion Enhanced Equity ETF has a 1 year low of $45.17 and a 1 year high of $61.53. The stock has a market cap of $1.13 billion, a PE ratio of 15.13 and a beta of 1.07. The firm has a fifty day moving average price of $58.99 and a 200 day moving average price of $57.70.

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.