JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Sets New 12-Month High – Here’s Why

JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $59.72 and last traded at $59.6150, with a volume of 3497950 shares traded. The stock had previously closed at $59.59.

JPMorgan Equity Premium Income ETF Price Performance

The firm has a fifty day moving average of $58.45 and a two-hundred day moving average of $57.47. The stock has a market capitalization of $44.07 billion, a P/E ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a $0.3444 dividend. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, February 2nd.

Hedge Funds Weigh In On JPMorgan Equity Premium Income ETF

A number of large investors have recently bought and sold shares of the business. GHP Investment Advisors Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth $25,000. Clarity Asset Management Inc. purchased a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at about $25,000. Rice Partnership LLC raised its holdings in JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after purchasing an additional 249 shares in the last quarter. Providence Capital Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $26,000. Finally, Pin Oak Investment Advisors Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 73.6% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock valued at $28,000 after buying an additional 212 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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.