JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Hits New 1-Year High – Still a Buy?

JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) shares hit a new 52-week high on Friday . The company traded as high as $60.20 and last traded at $60.17, with a volume of 426706 shares trading hands. The stock had previously closed at $59.91.

JPMorgan Equity Premium Income ETF Trading Up 0.3 %

The company has a market capitalization of $35.27 billion, a PE ratio of 24.40 and a beta of 0.53. The company’s 50 day moving average price is $59.34 and its 200-day moving average price is $57.79.

Institutional Investors Weigh In On JPMorgan Equity Premium Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in JEPI. Mattern Wealth Management LLC grew its stake in JPMorgan Equity Premium Income ETF by 2.2% during the third quarter. Mattern Wealth Management LLC now owns 8,072 shares of the company’s stock worth $480,000 after buying an additional 174 shares during the period. Empirical Asset Management LLC boosted its position in JPMorgan Equity Premium Income ETF by 4.0% during the 3rd quarter. Empirical Asset Management LLC now owns 4,675 shares of the company’s stock worth $278,000 after purchasing an additional 179 shares during the period. FSC Wealth Advisors LLC raised its position in JPMorgan Equity Premium Income ETF by 2.9% in the second quarter. FSC Wealth Advisors LLC now owns 6,774 shares of the company’s stock valued at $384,000 after purchasing an additional 188 shares during the period. Hixon Zuercher LLC lifted its stake 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 purchasing an additional 190 shares in the last quarter. Finally, Aviance Capital Partners LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 1.1% in the third quarter. Aviance Capital Partners LLC now owns 17,314 shares of the company’s stock worth $1,030,000 after buying an additional 194 shares during the period.

About JPMorgan Equity Premium Income ETF

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.