JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Sets New 52-Week High – Still a Buy?

Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $60.00 and last traded at $59.99, with a volume of 698511 shares. The stock had previously closed at $59.67.

JPMorgan Equity Premium Income ETF Trading Up 0.7 %

The company has a market capitalization of $35.26 billion, a PE ratio of 24.40 and a beta of 0.53. The stock has a fifty day moving average of $59.04 and a two-hundred day moving average of $57.53.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates lifted its stake in shares of JPMorgan Equity Premium Income ETF by 22.2% in the 2nd quarter. Raymond James & Associates now owns 2,421,638 shares of the company’s stock worth $137,258,000 after purchasing an additional 439,155 shares during the period. Marshall Financial Group LLC grew its position in JPMorgan Equity Premium Income ETF by 132.0% in the second quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock worth $6,278,000 after acquiring an additional 63,018 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in JPMorgan Equity Premium Income ETF by 39.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,980 shares of the company’s stock valued at $906,000 after purchasing an additional 4,524 shares during the last quarter. Heritage Wealth Management Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth $978,000. Finally, Summit Wealth Partners LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 1.3% in the second quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock valued at $4,360,000 after purchasing an additional 957 shares during the period.

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.