Mainsail Asset Management LLC Buys New Position in JPMorgan Equity Premium Income ETF $JEPI

Mainsail Asset Management LLC bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the third quarter, HoldingsChannel.com reports. The fund bought 17,423 shares of the company’s stock, valued at approximately $995,000. JPMorgan Equity Premium Income ETF accounts for approximately 0.4% of Mainsail Asset Management LLC’s holdings, making the stock its 25th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of JEPI. Bartlett & CO. Wealth Management LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $25,000. GHP Investment Advisors Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $25,000. Clarity Asset Management Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $25,000. Pin Oak Investment Advisors Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 73.6% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares during the period. Finally, Asset Dedication LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth $28,000.

JPMorgan Equity Premium Income ETF Stock Down 0.0%

Shares of NYSEARCA:JEPI opened at $58.41 on Friday. The company has a market cap of $42.68 billion, a P/E ratio of 23.93 and a beta of 0.60. The business has a fifty day simple moving average of $57.47 and a 200-day simple moving average of $57.04. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $59.73.

About JPMorgan Equity Premium Income ETF

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.