Sherman Wealth Management LLC Makes New $525,000 Investment in JPMorgan Equity Premium Income ETF $JEPI

Sherman Wealth Management LLC acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the fourth quarter, HoldingsChannel reports. The fund acquired 9,165 shares of the company’s stock, valued at approximately $525,000.

Other institutional investors also recently modified their holdings of the company. Scott Capital Advisors LLC grew its holdings in JPMorgan Equity Premium Income ETF by 124.4% during the third quarter. Scott Capital Advisors LLC now owns 123,643 shares of the company’s stock worth $7,037,000 after purchasing an additional 68,548 shares during the period. Clearstead Trust LLC raised its stake in JPMorgan Equity Premium Income ETF by 307.8% in the third quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock valued at $4,539,000 after buying an additional 59,999 shares during the period. BG Investment Services Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 49.1% in the third quarter. BG Investment Services Inc. now owns 68,887 shares of the company’s stock valued at $3,933,000 after buying an additional 22,670 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of JPMorgan Equity Premium Income ETF by 7.6% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 214,637 shares of the company’s stock valued at $12,256,000 after buying an additional 15,186 shares during the last quarter. Finally, Cascade Wealth Advisors Inc boosted its stake in shares of JPMorgan Equity Premium Income ETF by 5.9% during the 3rd quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock worth $15,237,000 after acquiring an additional 14,899 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $55.55 on Monday. The firm has a market capitalization of $40.94 billion, a PE ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.90. The business’s 50 day simple moving average is $58.31 and its 200 day simple moving average is $57.59.

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.