S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
NYSEARCA:JEPI

JPMorgan Equity Premium Income ETF (JEPI) Price, Holdings, & News

$57.85
+0.08 (+0.14%)
(As of 03/28/2024 ET)
Today's Range
$57.79
$57.94
50-Day Range
$55.44
$57.85
52-Week Range
$51.38
$57.94
Volume
3.76 million shs
Average Volume
3.56 million shs
Market Capitalization
$29.96 billion
Assets Under Management
$33.80 billion
Dividend Yield
10.99%
Net Expense Ratio
0.35%
JEPI stock logo

About JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Investors seeking consistent premium income with lower volatility should look closely at the JPMorgan Equity Premium Income ETF delivers monthly distributable income and equity market exposure with less volatility. JEPI seeks to generate revenue by selling options on U.S. large-cap stocks. The fund invests in S&P 500 stocks that exhibit low-volatility and value characteristics and sells options on those stocks to generate additional income.

Managed by JPMorgan, JEPI's portfolio managers have over 60 years of combined experience investing in equities and equity derivatives. The defensive equity portfolio employs a time-tested, bottom-up fundamental research process with stock selection based on its proprietary risk-adjusted stock rankings. JEPI's disciplined options overlay involves writing out-of-the-money S&P 500 Index call options to generate distributable monthly income.

The fund generates income from its premiums by selling call options on its stocks. This strategy reduces the fund's overall volatility, generating income regardless of whether the stock price goes up or down.

The Large Cap Growth Fund, managed by JPMorgan, targets companies with large markets, sustainable competitive advantages and strong price momentum. It employs an experienced portfolio manager and five dedicated growth analysts with a style-pure large-cap growth strategy that uses a fundamental, bottom-up approach to identify companies with solid growth potential. This investment strategy is incorporated into JEPI's portfolio, as the fund seeks to provide exposure to the equity market with less volatility.

JEPI also considers environmental, social and governance (ESG) factors in investment analysis and decisions. This approach aligns with JPMorgan's goal of enhancing long-term, risk-adjusted financial returns by evaluating companies' sustainability and ethical practices. 

JEPI is an actively managed fund, which means the portfolio managers make investment decisions based on research and market analysis. This can lead to higher management fees than passive funds, which track an index. However, JEPI's experienced portfolio managers' active management approach can generate returns above the benchmark index.

JPMorgan & Co. is an American financial institution founded by J. P. Morgan in 1871, now a subsidiary of JPMorgan Chase, one of the largest banking institutions in the world. With its long-standing history and reputation, investors can have confidence in JEPI's management team's expertise and knowledge of the equity markets.

JEPI may fit income-seeking investors who want exposure to equity markets with lower volatility, management team experience, disciplined investment process and focus on ESG factors. As an actively managed fund, it may have higher management fees than passive funds, but its potential returns could be worth the added cost.

JEPI Stock Price History

JEPI ETF News Headlines

BlackRock Debuts 2 Covered Call ETFs
Altcoin FRENZY Alert…
Bitcoin recently crossed the highest price in its 15-year history… Less than 2 years after one of the most vicious crypto market meltdowns we've ever seen! Bitcoin's BOOM also sent shockwaves through the altcoin market, with select coins seeing HUGE moves in a matter of days… Like Fetch.ai, that gained over 350% in just the last 30 days…
Active Stock Funds Largely Lose to Index Funds: SPIVA
JEPI: This Should Be A Special Year For This Fund
Broadening Stock Market Gains Favors JEPI
A lot of people are making this costly mistake
You may have heard the saying “options are risky” … And, they can be. But only if you use them the way a lot of folks do. A lot of people think of BUYING speculative options when they talk about options. And BUYING low probability, speculative options is definitely risky… It’s how some folks leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time.
See More Headlines
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Fund Details

Issuer
JPMorgan
Fund Name
JPMorgan Equity Premium Income ETF
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:JEPI
Inception Date
5/19/2020
Fund Manager
Hamilton Reiner, Raffaele Zingone
Phone
N/A

Fund Focus

Asset Class
Equity
Benchmark
N/A
Category
Size and Style
Focus
Large Cap
Development Level
Developed Markets
Region
North America
Number of Holdings
293

Fund Statistics

Assets Under Management
$33.65 billion
Average Daily Volume
$0.00
Discount/Premium
0.06%

Administrator, Advisor and Custodian

Administrator
J.P. Morgan Investment Management Inc.
Advisor
J.P. Morgan Investment Management Inc.
Custodian
JPMorgan Chase Bank, N.A.
Distributor
JPMorgan Distribution Services, Inc.
Transfer Agent
JPMorgan Chase Bank, N.A.
Trustee
N/A
Lead Market Maker
Susquehanna

Options

Optionable
Optionable
Options Volume
335
Put Options
61
Call Options
274
Short Interest
582,100 shs

Miscellaneous

Beta
0.62
Creation Unit
25,000
Creation Fee
$500.00
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JPMorgan Equity Premium Income ETF Expenses

TypeJEPILarge Cap ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.35%0.57%0.54%0.50%0.51%
Other Expenses0.00%0.29%0.54%0.64%0.58%
Total Expense0.35%0.63%0.70%0.74%0.70%
Fee Waiver0.00%-0.19%-0.54%-0.69%-0.56%
Net Expense0.35%0.61%0.60%0.57%0.58%

JPMorgan Equity Premium Income ETF (JEPI) Holdings & Exposure

JEPI Sector Exposure

JEPI Industry Exposure

Should I Buy JPMorgan Equity Premium Income ETF Stock? JEPI Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in JPMorgan Equity Premium Income ETF:

  • The fund invests in large-cap US stocks and equity-linked notes (ELNs), providing exposure to a diversified portfolio of assets.
  • JEPI is an actively-managed fund that seeks to provide similar returns as the S&P 500 Index with lower volatility, potentially reducing overall portfolio risk.
  • By writing out-of-the-money S&P 500 call options, the fund generates monthly income distributed to shareholders, offering a potential source of regular cash flow.
  • The strategy of selling call options can help offset portfolio risk, making JEPI an attractive, low-volatility investment vehicle.
  • Investors may benefit from the fund's ability to provide monthly income, which can be appealing for those seeking regular payouts.

Cons

Investors should be bearish about investing in JPMorgan Equity Premium Income ETF for these reasons:

  • Investors should be aware that the fund's performance is linked to the S&P 500 Index, which may limit potential returns compared to more aggressive investment strategies.
  • While the fund aims to provide lower volatility, there is still inherent market risk associated with investing in equities and equity-linked notes.
  • High expense ratios can eat away at high dividend yields, potentially reducing the overall attractiveness of the ETF.
  • Investors should consider the current stock price and evaluate whether it aligns with their investment goals and risk tolerance.
  • Market conditions and economic factors can impact the fund's performance, so investors should stay informed about relevant developments.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, March 27, 2024. Please send any questions or comments about these JPMorgan Equity Premium Income ETF pros and cons to contact@marketbeat.com.

JEPI ETF - Frequently Asked Questions

How have JEPI shares performed in 2024?

JPMorgan Equity Premium Income ETF's stock was trading at $54.98 at the beginning of the year. Since then, JEPI stock has increased by 5.2% and is now trading at $57.85.
View the best growth stocks for 2024 here
.

What does JEPI invest in?

JPMorgan Equity Premium Income ETF is a equity fund issued by JPMorgan. JEPI focuses on large cap investments. The fund's investments total to approximately $33.65 billion assets under management.

What stocks does JPMorgan Equity Premium Income ETF hold?

JEPI invests in 293 holdings. Some of the stocks in their portfolio include Adobe (ADBE), Amazon.com (AMZN), Microsoft (MSFT), Comcast (CMCSA), Mastercard (MA), Accenture (ACN), Intuit (INTU), AbbVie (ABBV), PepsiCo (PEP) and Visa (V).

What is the management fee for JPMorgan Equity Premium Income ETF?

JPMorgan Equity Premium Income ETF's management fee is 0.35% and has no other recorded expenses or fee waivers. The net expense ratio for JEPI is 0.35%.

What other stocks do shareholders of JPMorgan Equity Premium Income ETF own?

Based on aggregate information from My MarketBeat watchlists, some companies that other JPMorgan Equity Premium Income ETF investors own include Zoom Video Communications (ZM), Spotify Technology (SPOT), Globant (GLOB), B&G Foods (BGS) and AbbVie (ABBV).

Who are JPMorgan Equity Premium Income ETF's major shareholders?

JPMorgan Equity Premium Income ETF's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include International Assets Investment Management LLC (2.28%), Royal Bank of Canada (1.32%), Envestnet Asset Management Inc. (1.13%), UBS Group AG (1.11%), CIBC Private Wealth Group LLC (0.61%) and Commonwealth Equity Services LLC (0.55%).

How do I buy shares of JPMorgan Equity Premium Income ETF?

Shares of JEPI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEARCA:JEPI) was last updated on 3/29/2024 by MarketBeat.com Staff

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