JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Hits New 12-Month High – Should You Buy?

JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)’s share price hit a new 52-week high during mid-day trading on Friday . The stock 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 market cap of $44.13 billion, a P/E ratio of 23.93 and a beta of 0.60. The firm’s 50 day moving average is $58.50 and its 200 day moving average is $57.51.

JPMorgan Equity Premium Income ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JEPI. Walled Lake Planning & Wealth Management LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 2.7% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 6,449 shares of the company’s stock valued at $369,000 after acquiring an additional 171 shares in the last quarter. Wealth Effects LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 0.6% in the 4th quarter. Wealth Effects LLC now owns 31,606 shares of the company’s stock worth $1,809,000 after purchasing an additional 173 shares in the last quarter. WESPAC Advisors SoCal LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 4.3% in the fourth quarter. WESPAC Advisors SoCal LLC now owns 4,178 shares of the company’s stock worth $239,000 after purchasing an additional 174 shares during the last quarter. Aspen Wealth Strategies LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 4.5% during the fourth quarter. Aspen Wealth Strategies LLC now owns 4,044 shares of the company’s stock valued at $231,000 after purchasing an additional 174 shares in the last quarter. Finally, Morey & Quinn Wealth Partners LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 4.9% during the fourth quarter. Morey & Quinn Wealth Partners LLC now owns 3,722 shares of the company’s stock valued at $213,000 after buying an additional 175 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.