JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Reaches New 52-Week High – Still a Buy?

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

JPMorgan Equity Premium Income ETF Stock Up 0.0 %

The company’s 50 day moving average is $59.43 and its 200 day moving average is $57.88. The firm has a market capitalization of $35.61 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

Hedge Funds Weigh In On JPMorgan Equity Premium Income ETF

Several institutional investors and hedge funds have recently modified their holdings of JEPI. O Shaughnessy Asset Management LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 3,500.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,800 shares of the company’s stock valued at $104,000 after acquiring an additional 1,750 shares in the last quarter. Atria Investments Inc grew its stake in JPMorgan Equity Premium Income ETF by 5.0% during the first quarter. Atria Investments Inc now owns 84,161 shares of the company’s stock worth $4,870,000 after buying an additional 4,037 shares in the last quarter. Cetera Investment Advisers grew its stake in JPMorgan Equity Premium Income ETF by 406.2% during the first quarter. Cetera Investment Advisers now owns 4,135,711 shares of the company’s stock worth $239,292,000 after buying an additional 3,318,702 shares in the last quarter. Cetera Advisors LLC grew its stake in JPMorgan Equity Premium Income ETF by 20.5% during the first quarter. Cetera Advisors LLC now owns 1,108,575 shares of the company’s stock worth $64,142,000 after buying an additional 188,529 shares in the last quarter. Finally, Cetera Advisor Networks LLC grew its stake in JPMorgan Equity Premium Income ETF by 3.2% during the first quarter. Cetera Advisor Networks LLC now owns 2,136,341 shares of the company’s stock worth $123,609,000 after buying an additional 66,401 shares in 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.