TrustBank bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 69,668 shares of the company’s stock, valued at approximately $3,988,000. JPMorgan Equity Premium Income ETF comprises about 1.7% of TrustBank’s holdings, making the stock its 13th largest holding.
Several other hedge funds have also modified their holdings of the stock. Wealth Effects LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 0.6% in the fourth quarter. Wealth Effects LLC now owns 31,606 shares of the company’s stock worth $1,809,000 after acquiring an additional 173 shares during the last quarter. WESPAC Advisors SoCal LLC raised its holdings in JPMorgan Equity Premium Income ETF by 4.3% in the fourth quarter. WESPAC Advisors SoCal LLC now owns 4,178 shares of the company’s stock valued at $239,000 after buying an additional 174 shares during the period. Aspen Wealth Strategies LLC raised its holdings in JPMorgan Equity Premium Income ETF by 4.5% in the fourth quarter. Aspen Wealth Strategies LLC now owns 4,044 shares of the company’s stock valued at $231,000 after buying an additional 174 shares during the period. Morey & Quinn Wealth Partners LLC raised its holdings in JPMorgan Equity Premium Income ETF by 4.9% in the fourth quarter. Morey & Quinn Wealth Partners LLC now owns 3,722 shares of the company’s stock valued at $213,000 after buying an additional 175 shares during the period. Finally, Hurley Capital LLC raised its holdings in JPMorgan Equity Premium Income ETF by 2.0% in the third quarter. Hurley Capital LLC now owns 9,098 shares of the company’s stock valued at $519,000 after buying an additional 177 shares during the period.
JPMorgan Equity Premium Income ETF Stock Performance
NYSEARCA JEPI opened at $56.22 on Wednesday. JPMorgan Equity Premium Income ETF has a one year low of $55.15 and a one year high of $59.90. The company’s 50 day moving average price is $56.75 and its 200 day moving average price is $57.56. The firm has a market capitalization of $44.54 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56.
JPMorgan Equity Premium Income ETF 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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