IMC Chicago LLC bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 97,354 shares of the company’s stock, valued at approximately $5,518,000.
Several other institutional investors and hedge funds have also modified their holdings of JEPI. Collaborative Wealth Managment Inc. raised its stake in JPMorgan Equity Premium Income ETF by 168.6% in the 1st quarter. Collaborative Wealth Managment Inc. now owns 44,607 shares of the company’s stock worth $2,528,000 after purchasing an additional 28,002 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 13.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 247,324 shares of the company’s stock worth $14,018,000 after purchasing an additional 29,019 shares in the last quarter. Signet Financial Management LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth approximately $269,000. SouthState Bank Corp bought a new position in shares of JPMorgan Equity Premium Income ETF during the first quarter worth approximately $620,000. Finally, Sterling Investment Advisors Ltd. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 8.0% during the first quarter. Sterling Investment Advisors Ltd. now owns 141,976 shares of the company’s stock worth $8,047,000 after purchasing an additional 10,547 shares during the period.
JPMorgan Equity Premium Income ETF Trading Up 0.1%
NYSEARCA JEPI opened at $56.62 on Thursday. The company has a market cap of $45.07 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. The company has a 50 day moving average of $56.13 and a 200-day moving average of $57.29. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90.
JPMorgan Equity Premium Income ETF Company Profile
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.
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