JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Hits New 12-Month High – Here’s What Happened

JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $60.83 and last traded at $60.69, with a volume of 3213517 shares traded. The stock had previously closed at $60.68.

JPMorgan Equity Premium Income ETF Stock Up 0.2 %

The stock has a market capitalization of $35.67 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The company’s 50-day moving average is $59.49 and its 200-day moving average is $57.92.

Institutional Investors Weigh In On JPMorgan Equity Premium Income ETF

A number of institutional investors have recently made changes to their positions in the stock. Synovus Financial Corp increased its position in shares of JPMorgan Equity Premium Income ETF by 25.4% during the third quarter. Synovus Financial Corp now owns 579,553 shares of the company’s stock valued at $34,489,000 after acquiring an additional 117,335 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter valued at about $717,000. Sfmg LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 2.9% during the third quarter. Sfmg LLC now owns 220,902 shares of the company’s stock valued at $13,146,000 after acquiring an additional 6,123 shares during the last quarter. World Investment Advisors LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 48.1% during the third quarter. World Investment Advisors LLC now owns 140,665 shares of the company’s stock valued at $8,371,000 after acquiring an additional 45,660 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 9.3% during the third quarter. Sanctuary Advisors LLC now owns 611,702 shares of the company’s stock valued at $36,800,000 after acquiring an additional 51,920 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.