JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Get Free Report) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $56.96 and traded as high as $57.23. JPMorgan Equity Premium Income ETF shares last traded at $57.08, with a volume of 3,561,303 shares trading hands.
JPMorgan Equity Premium Income ETF Trading Up 0.4%
The firm has a 50-day moving average of $56.96 and a 200 day moving average of $57.19. The stock has a market capitalization of $45.76 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53.
Hedge Funds Weigh In On JPMorgan Equity Premium Income ETF
Several hedge funds have recently made changes to their positions in the business. Hamilton Capital LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter valued at $84,219,000. Oakworth Capital Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth $41,768,000. Foguth Wealth Management LLC. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 366.7% in the 1st quarter. Foguth Wealth Management LLC. now owns 919,518 shares of the company’s stock worth $51,530,000 after acquiring an additional 722,490 shares during the last quarter. Brookstone Capital Management acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth $33,302,000. Finally, Cetera Investment Advisers grew its holdings in shares of JPMorgan Equity Premium Income ETF by 10.0% in the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after acquiring an additional 553,011 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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.
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