Capital Investment Advisors LLC Makes New $27.72 Million Investment in JPMorgan Equity Premium Income ETF $JEPI

Capital Investment Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 493,015 shares of the company’s stock, valued at approximately $27,717,000.

Several other institutional investors and hedge funds have also bought and sold shares of JEPI. Legacy Private Trust Co. bought a new stake in JPMorgan Equity Premium Income ETF in the third quarter worth $2,602,000. Private Client Services LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter valued at about $3,694,000. Community Financial Services Group LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth $6,319,000. Studio Investment Management LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 194.0% during the 2nd quarter. Studio Investment Management LLC now owns 54,050 shares of the company’s stock valued at $3,053,000 after buying an additional 35,668 shares in the last quarter. Finally, Tucker Asset Management LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 42.1% in the second quarter. Tucker Asset Management LLC now owns 34,008 shares of the company’s stock worth $1,921,000 after purchasing an additional 10,075 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $56.85 on Friday. The firm has a market cap of $45.59 billion, a P/E ratio of 23.93 and a beta of 0.53. The company has a 50 day simple moving average of $56.97 and a two-hundred day simple moving average of $56.77. 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 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.