JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Reaches New 1-Year High – Still a Buy?

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 $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 Stock Up 0.4%

The business has a 50 day moving average price of $58.45 and a 200 day moving average price of $57.47. The stock has a market cap of $44.07 billion, a P/E ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Cuts Dividend

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

Institutional Trading of JPMorgan Equity Premium Income ETF

A number of large investors have recently made changes to their positions in the stock. Financially in Tune LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $7,095,000. Nolet Wealth Management LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth approximately $1,641,000. Floyd Financial Group LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 5.8% in the fourth quarter. Floyd Financial Group LLC now owns 167,328 shares of the company’s stock valued at $9,954,000 after purchasing an additional 9,105 shares during the period. Monetary Solutions Ltd bought a new position in JPMorgan Equity Premium Income ETF in the fourth quarter worth approximately $30,000. Finally, Bauman Advisory Group LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 4th quarter worth $4,626,000.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.