JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Hits New 1-Year High at $58.39

JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $58.39 and last traded at $58.35, with a volume of 1923157 shares traded. The stock had previously closed at $58.29.

JPMorgan Equity Premium Income ETF Price Performance

The company has a 50 day simple moving average of $56.76 and a 200-day simple moving average of $56.73. The stock has a market capitalization of $34.24 billion, a P/E ratio of 24.40 and a beta of 0.53.

Hedge Funds Weigh In On JPMorgan Equity Premium Income ETF

Several large investors have recently modified their holdings of the business. HHM Wealth Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $28,000. Larson Financial Group LLC increased its holdings in JPMorgan Equity Premium Income ETF by 129.8% during the 1st quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock worth $32,000 after acquiring an additional 314 shares during the period. Burkett Financial Services LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the 1st quarter worth approximately $35,000. Morris Financial Concepts Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 114.1% in the 1st quarter. Morris Financial Concepts Inc. now owns 621 shares of the company’s stock valued at $36,000 after purchasing an additional 331 shares during the period. Finally, Beaird Harris Wealth Management LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 1st 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.