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

JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $53.70 and last traded at $53.82, with a volume of 1921880 shares. The stock had previously closed at $55.21.

JPMorgan Equity Premium Income ETF Stock Down 5.6 %

The stock’s 50-day moving average price is $58.09 and its 200 day moving average price is $58.76. The firm has a market capitalization of $35.99 billion, a price-to-earnings ratio of 24.88 and a beta of 0.61.

Hedge Funds Weigh In On JPMorgan Equity Premium Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JEPI. Bank of Jackson Hole Trust acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $28,000. Duncker Streett & Co. Inc. acquired a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter worth $28,000. Ulland Investment Advisors LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $31,000. Crowley Wealth Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $32,000. Finally, Creative Capital Management Investments LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth $32,000.

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.