JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Sets New 12-Month High at $58.39

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

JPMorgan Equity Premium Income ETF Stock Performance

The firm has a market cap of $34.24 billion, a P/E ratio of 24.40 and a beta of 0.53. The firm’s fifty day moving average is $56.76 and its 200 day moving average is $56.73.

Institutional Trading of JPMorgan Equity Premium Income ETF

A number of institutional investors have recently bought and sold shares of JEPI. JPMorgan Chase & Co. lifted its position in JPMorgan Equity Premium Income ETF by 3.8% during the first quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock worth $1,274,807,000 after purchasing an additional 815,598 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 8.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock worth $402,664,000 after acquiring an additional 539,682 shares during the period. Global Assets Advisory LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 5,858.1% during the 1st quarter. Global Assets Advisory LLC now owns 6,165,296 shares of the company’s stock worth $356,724,000 after acquiring an additional 6,061,819 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock worth $237,377,000 after acquiring an additional 52,301 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in JPMorgan Equity Premium Income ETF by 14.6% in the second quarter. Commonwealth Equity Services LLC now owns 3,379,837 shares of the company’s stock valued at $191,569,000 after acquiring an additional 430,134 shares during the last quarter.

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.