JPMorgan Equity Premium Income ETF Sees Significant Week-Over-Week Inflows
Recent Trends Highlight Changes in ETF Ownership
In recent financial activity, the JPMorgan Equity Premium Income ETF (Symbol: JEPI) has attracted attention due to a substantial inflow of approximately $235.5 million. This increase translates to a 0.6% rise in week-over-week outstanding units, going from 646,975,000 to 650,975,000.
Today, among JEPI’s major investments, Trane Technologies plc (Symbol: TT) has decreased by about 1.1%. Conversely, Mastercard Inc (Symbol: MA) has gained approximately 0.8%, and Progressive Corp. (Symbol: PGR) has risen by about 0.6%. A full list of the fund’s holdings can be found on the JEPI Holdings page.
The following chart illustrates the one-year price performance of JEPI in comparison to its 200-day moving average:
Currently, JEPI’s 52-week price range indicates a low of $54.77 per share and a high of $60.88, with its last trade recorded at $58.81. Investors often compare the latest share price to the 200-day moving average as a technical analysis method.
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Exchange-traded funds (ETFs) function similarly to stocks but involve “units” instead of shares. These units can be bought and sold like stocks and can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs with significant inflows or outflows. Creating new units typically necessitates purchasing the underlying assets, while destroying units requires selling off these holdings, potentially impacting the individual assets within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
