JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Sets New 1-Year High – Time to Buy?

JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) hit a new 52-week high during trading on Thursday . The company traded as high as $60.83 and last traded at $60.69, with a volume of 3213517 shares changing hands. The stock had previously closed at $60.68.

JPMorgan Equity Premium Income ETF Stock Up 0.2 %

The stock’s 50-day moving average price is $59.49 and its 200 day moving average price is $57.92. The firm has a market capitalization of $35.67 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

Institutional Investors Weigh In On JPMorgan Equity Premium Income ETF

A number of hedge funds have recently modified their holdings of JEPI. Strategic Financial Concepts LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 6,254.5% in the second quarter. Strategic Financial Concepts LLC now owns 1,049,258 shares of the company’s stock valued at $595,000 after buying an additional 1,032,746 shares during the last quarter. Eaton Financial Holdings Company LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the third quarter worth about $51,202,000. World Investment Advisors LLC increased its position in JPMorgan Equity Premium Income ETF by 748.5% during the third quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock worth $47,971,000 after purchasing an additional 711,094 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the second quarter worth about $31,505,000. Finally, Envestnet Asset Management Inc. increased its position in JPMorgan Equity Premium Income ETF by 8.2% during the second quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock worth $402,664,000 after purchasing an additional 539,682 shares during the last quarter.

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.