JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Hits New 1-Year High – Here’s What Happened

JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $59.60 and last traded at $59.58, with a volume of 858217 shares changing hands. The stock had previously closed at $59.46.

JPMorgan Equity Premium Income ETF Trading Up 0.4 %

The company has a market cap of $35.04 billion, a PE ratio of 24.40 and a beta of 0.53. The stock has a fifty day simple moving average of $58.23 and a two-hundred day simple moving average of $57.18.

Institutional Investors Weigh In On JPMorgan Equity Premium Income ETF

Several institutional investors have recently made changes to their positions in the stock. HHM Wealth Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF during the second quarter worth about $28,000. Larson Financial Group LLC increased its stake in JPMorgan Equity Premium Income ETF by 129.8% in the 1st quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock valued at $32,000 after purchasing an additional 314 shares in the last quarter. Burkett Financial Services LLC acquired a new position in JPMorgan Equity Premium Income ETF during the first quarter worth $35,000. Morris Financial Concepts Inc. boosted its position in JPMorgan Equity Premium Income ETF by 114.1% during the first quarter. Morris Financial Concepts Inc. now owns 621 shares of the company’s stock worth $36,000 after purchasing an additional 331 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the first quarter valued at $38,000.

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.