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

JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $60.83 and last traded at $60.69, with a volume of 3213517 shares. The stock had previously closed at $60.68.

JPMorgan Equity Premium Income ETF Stock Up 0.0 %

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in JEPI. Salomon & Ludwin LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter worth about $25,000. HHM Wealth Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter worth about $28,000. Running Point Capital Advisors LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 131.2% in the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after acquiring an additional 362 shares during the last quarter. Centerpoint Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter worth about $43,000. Finally, Brown Lisle Cummings Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 48.0% in the third quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock worth $47,000 after acquiring an additional 255 shares during 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.