JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) shares crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $57.16 and traded as low as $56.35. JPMorgan Equity Premium Income ETF shares last traded at $56.39, with a volume of 9,247,215 shares traded.

JPMorgan Equity Premium Income ETF Price Performance

The firm has a market cap of $45.23 billion, a P/E ratio of 23.93 and a beta of 0.52. The business’s 50-day moving average is $56.88 and its two-hundred day moving average is $57.16.

Hedge Funds Weigh In On JPMorgan Equity Premium Income ETF

A number of large investors have recently modified their holdings of the business. Legacy Private Trust Co. acquired a new stake in JPMorgan Equity Premium Income ETF during the third quarter worth about $2,602,000. Private Client Services LLC bought a new position in JPMorgan Equity Premium Income ETF in the third quarter valued at approximately $3,694,000. Studio Investment Management LLC raised its position in JPMorgan Equity Premium Income ETF by 194.0% during the second quarter. Studio Investment Management LLC now owns 54,050 shares of the company’s stock valued at $3,053,000 after purchasing an additional 35,668 shares in the last quarter. Community Financial Services Group LLC acquired a new position in JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $6,319,000. Finally, Tucker Asset Management LLC lifted its stake in JPMorgan Equity Premium Income ETF by 42.1% during the second quarter. Tucker Asset Management LLC now owns 34,008 shares of the company’s stock worth $1,921,000 after purchasing an additional 10,075 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.