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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NYSEARCA:JEPI

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

$57.77
+0.35 (+0.61%)
(As of 03/27/2024 ET)
Today's Range
$57.51
$57.77
50-Day Range
$55.17
$57.77
52-Week Range
$51.38
$57.77
Volume
2.82 million shs
Average Volume
3.56 million shs
Market Capitalization
$29.92 billion
Assets Under Management
$33.42 billion
Dividend Yield
11.01%
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
The Small Biotech with a BIG Cancer Solution
There's a new cancer treatment so precise, it's been called a "smart bomb." One that can deliver a toxic payload directly to tumors while bypassing healthy cells.
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
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
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
291

Fund Statistics

Assets Under Management
$33.42 billion
Average Daily Volume
$0.00
Discount/Premium
0.04%

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
186
Put Options
45
Call Options
141
Short Interest
763,600 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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of JPMorgan Equity Premium Income ETF was last updated on Sunday, March 24, 2024 at 3:09 PM.

Pros

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

  • The JPMorgan Equity Premium Income ETF (JEPI) recently hit a new 12-month high at $57.18, indicating positive momentum in its performance.
  • JEPI is an actively-managed fund that aims to provide similar returns as the S&P 500 Index but with lower volatility, potentially offering a more stable investment option.
  • Investing in large-cap US stocks through JEPI can provide exposure to established companies with strong market positions and potential for growth.
  • Equity-linked notes (ELNs) in JEPI can offer diversification benefits by combining equity exposure with fixed income characteristics.
  • Monthly income distributions from JEPI can provide investors with a regular income stream, which may be appealing for those seeking consistent returns.

Cons

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

  • As an actively-managed fund, JEPI may have higher management fees compared to passively-managed ETFs, potentially impacting overall returns.
  • The performance of JEPI is subject to the decisions made by the fund managers at JPMorgan, which may not always align with investor expectations.
  • Market volatility can still impact JEPI's performance, despite efforts to reduce volatility compared to the S&P 500 Index.
  • Investors should carefully consider the risk-return profile of JEPI, as it may not be suitable for all investment objectives or risk tolerances.
  • Changes in interest rates or economic conditions can affect the performance of ELNs within JEPI, introducing additional risk factors to consider.

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 5.1% and is now trading at $57.77.
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 $33.42 billion assets under management.

What stocks does JPMorgan Equity Premium Income ETF hold?

JEPI invests in 291 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 retail and institutional investors. Top institutional investors 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 3/28/2024 by MarketBeat.com Staff

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