MML Investors Services LLC Acquires New Stake in JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE)

MML Investors Services LLC has recently made a move to expand its portfolio by acquiring a new stake in the JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE). This acquisition occurred during the third quarter, as revealed in the company’s latest 13F filing with the Securities and Exchange Commission (SEC). MML Investors Services LLC acquired a total of 5,729 shares of the ETF, which are valued at approximately $349,000.

In addition to MML Investors, several other institutional investors have also recently adjusted their holdings in JPMorgan Market Expansion Enhanced Equity ETF. For instance, Hazlett Burt & Watson Inc. increased its stake by a significant 76.0% in the second quarter, bringing its total ownership to 1,760 shares, valued at $99,000. The firm purchased an additional 760 shares during the last quarter.

Likewise, Modus Advisors LLC acquired a new stake valued at $202,000 in the third quarter. Ascent Group LLC also made a move by purchasing a stake worth $221,000 during the second quarter. Furthermore, Dynamic Advisor Solutions LLC raised its stake by 10.9% in the third quarter. It now holds 4,541 shares worth $277,000 after acquiring an additional 445 shares during the period.

Cornerstone Wealth Management LLC also increased its holdings by 27.5% in the third quarter, now owning 5,268 shares valued at $321,000 after purchasing an additional 1,135 shares in the last quarter.

Current Performance of JPMorgan Market Expansion Enhanced Equity ETF

As of the latest trading session, the stock price of JMEE came in at $61.13. The ETF has a 50-day moving average price of $63.29 and a 200-day moving average price of $60.19. When looking at past performance, JPMorgan Market Expansion Enhanced Equity ETF has registered a 52-week low of $51.51 and a high of $66.89. The fund currently boasts a market capitalization of around $1.15 billion, a price-to-earnings ratio of 15.13, and a beta of 1.07, indicating its volatility compared to the market.

About JPMorgan Market Expansion Enhanced Equity ETF

The JPMorgan Market Expansion Enhanced Equity ETF (JMEE) is designed as an exchange-traded fund that tracks the S&P 1000 index. This actively managed fund primarily focuses on small- and mid-cap U.S. stocks as well as real estate investment trusts (REITs). It employs a proprietary selection and weighting strategy aimed at modestly outperforming the total return of the S&P 1000 Index.

Additional Insights

For investors interested in the market dynamics surrounding JMEE, it may be beneficial to explore the positions held by other hedge funds and institutional investors. Furthermore, resources like HoldingsChannel.com could offer up-to-date information on the latest SEC filings and insider trading relevant to JPMorgan Market Expansion Enhanced Equity ETF (NYSEARCA:JMEE).

investment, ETF, stake