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

JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) hit 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 0.4 %

The company has a market cap of $35.30 billion, a PE ratio of 24.40 and a beta of 0.53. The business has a 50-day simple moving average of $59.36 and a 200-day simple moving average of $57.82.

Institutional Trading of JPMorgan Equity Premium Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mattern Wealth Management LLC raised its position in JPMorgan Equity Premium Income ETF by 2.2% in the third quarter. Mattern Wealth Management LLC now owns 8,072 shares of the company’s stock valued at $480,000 after purchasing an additional 174 shares during the period. Empirical Asset Management LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 4.0% during the third quarter. Empirical Asset Management LLC now owns 4,675 shares of the company’s stock worth $278,000 after acquiring an additional 179 shares during the period. FSC Wealth Advisors LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 2.9% during the second quarter. FSC Wealth Advisors LLC now owns 6,774 shares of the company’s stock worth $384,000 after acquiring an additional 188 shares during the period. Hixon Zuercher LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 3.7% during the second quarter. Hixon Zuercher LLC now owns 5,336 shares of the company’s stock worth $302,000 after acquiring an additional 190 shares during the period. Finally, Aviance Capital Partners LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 1.1% during the third quarter. Aviance Capital Partners LLC now owns 17,314 shares of the company’s stock worth $1,030,000 after acquiring an additional 194 shares during the period.

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.