JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Reaches New 12-Month High – Here’s Why

JPMorgan Equity Premium Income ETF (NYSEARCA:JEPIGet Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $60.20 and last traded at $60.17, with a volume of 426706 shares changing hands. The stock had previously closed at $59.91.

JPMorgan Equity Premium Income ETF Stock Up 0.3 %

The company has a market cap of $35.27 billion, a PE ratio of 24.40 and a beta of 0.53. The business’s 50 day moving average price is $59.34 and its 200-day moving average price is $57.79.

Hedge Funds Weigh In On JPMorgan Equity Premium Income ETF

Institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates increased its stake in JPMorgan Equity Premium Income ETF by 22.2% during the second quarter. Raymond James & Associates now owns 2,421,638 shares of the company’s stock valued at $137,258,000 after purchasing an additional 439,155 shares during the last quarter. Marshall Financial Group LLC raised its stake in JPMorgan Equity Premium Income ETF by 132.0% during the second quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock worth $6,278,000 after acquiring an additional 63,018 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 39.5% in the second quarter. Sequoia Financial Advisors LLC now owns 15,980 shares of the company’s stock worth $906,000 after acquiring an additional 4,524 shares during the last quarter. Heritage Wealth Management Inc. bought a new position in JPMorgan Equity Premium Income ETF in the second quarter worth about $978,000. Finally, Summit Wealth Partners LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 1.3% during the second quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock valued at $4,360,000 after purchasing an additional 957 shares during the last quarter.

About JPMorgan Equity Premium Income ETF

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The JPMorgan Equity Premium Income ETF (JEPI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed fund that invests in large-cap US stocks and equity-linked notes (ELNs). It seeks to provide similar returns as the S&P 500 Index with lower volatility and monthly income.

Further Reading

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