JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)’s share price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $56.96 and traded as high as $57.23. JPMorgan Equity Premium Income ETF shares last traded at $57.08, with a volume of 3,561,303 shares changing hands.

JPMorgan Equity Premium Income ETF Price Performance

The company has a fifty day moving average of $56.94 and a 200-day moving average of $57.18. The firm has a market capitalization of $46.11 billion, a PE ratio of 23.93 and a beta of 0.53.

Institutional Investors Weigh In On JPMorgan Equity Premium Income ETF

A number of hedge funds have recently bought and sold shares of the company. Raleigh Capital Management Inc. bought a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $239,000. Prosperitas Financial LLC increased its holdings in JPMorgan Equity Premium Income ETF by 1.1% during the 3rd quarter. Prosperitas Financial LLC now owns 29,011 shares of the company’s stock valued at $1,631,000 after purchasing an additional 320 shares in the last quarter. Partners Wealth Management LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter valued at $2,168,000. Soltis Investment Advisors LLC raised its position in JPMorgan Equity Premium Income ETF by 49.0% in the 3rd quarter. Soltis Investment Advisors LLC now owns 169,947 shares of the company’s stock valued at $9,554,000 after purchasing an additional 55,908 shares during the last quarter. Finally, Founders Financial Securities LLC bought a new position in JPMorgan Equity Premium Income ETF in the 3rd quarter valued at $1,233,000.

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.