JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Sets New 52-Week High at $59.29

JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) reached a new 52-week high during trading on Thursday . The company traded as high as $59.29 and last traded at $59.13, with a volume of 229352 shares changing hands. The stock had previously closed at $58.85.

JPMorgan Equity Premium Income ETF Stock Performance

The firm’s fifty day moving average price is $57.50 and its 200 day moving average price is $56.97. The firm has a market cap of $34.71 billion, a P/E ratio of 24.40 and a beta of 0.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Asset Allocation Strategies LLC grew its stake in JPMorgan Equity Premium Income ETF by 3.6% in the fourth quarter. Asset Allocation Strategies LLC now owns 7,245 shares of the company’s stock valued at $398,000 after purchasing an additional 253 shares during the last quarter. Global Trust Asset Management LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 146.8% in the 1st quarter. Global Trust Asset Management LLC now owns 1,513 shares of the company’s stock valued at $88,000 after buying an additional 900 shares in the last quarter. Mosley Wealth Management purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $578,000. Optimum Investment Advisors raised its stake in shares of JPMorgan Equity Premium Income ETF by 331.3% during the 1st quarter. Optimum Investment Advisors now owns 1,294 shares of the company’s stock worth $75,000 after acquiring an additional 994 shares in the last quarter. Finally, Napa Wealth Management purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $1,254,000.

JPMorgan Equity Premium Income ETF Company Profile

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.