JEPI Stock Summary and Trading Ideas (JPMorgan Equity Premium Income ETF | ARCA:JEPI)

The investment objective of the Fund is to seek current income while maintaining prospects for capital appreciation. The Fund seeks to achieve this objective by (1) creating an actively managed portfolio of equity securities comprised significantly of those included in the Fund's primary benchmark, the Standard & Poor's 500 Total Return Index (S&P 500 Index) and (2) through equity-linked notes (ELNs), selling call options with exposure to the S&P 500 Index. The resulting Fund is designed to provide investors with performance that captures a majority of the returns associated with the S&P 500 Index, while exposing investors to lower volatility than the S&P 500 Index and also providing incremental income. The Fund is managed in a way that seeks, under normal circumstances, to provide monthly distributions at a relatively stable level. Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities (80% Policy). "Assets" means net assets plus the amount of borrowings for investment purposes. In calculating the 80% Policy, the Fund's equity investments will include common stocks and ELNs, as well as other equity securities

JPMorgan Equity Premium Income ETF trades on the ARCA stock market under the symbol JEPI.

As of September 30, 2024, JEPI stock price climbed to $59.51 with 3,208,467 million shares trading.

JEPI has a beta of 0.55, meaning it tends to be less sensitive to market movements. JEPI has a correlation of 0.76 to the broad based SPY ETF.

JEPI has a market cap of $36.01 billion. This is considered a Large Cap stock.

In the last 3 years, JEPI traded as high as $63.67 and as low as $49.92.

JEPI has underperformed the market in the last year with a price return of +19.1% while the SPY ETF gained +36.3%. However, in the short term, JEPI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.7% vs +5.3% return in SPY. But in the last 2 weeks, JEPI shares have been beat by the market, returning +1.2% compared to an SPY return of +2.4%.

JEPI support price is $59.12 and resistance is $59.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JEPI shares will trade within this expected range on the day.