IFG Advisory LLC Takes $1.58 Million Position in JPMorgan Equity Premium Income ETF $JEPI

IFG Advisory LLC purchased a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 27,650 shares of the company’s stock, valued at approximately $1,583,000.

Several other hedge funds and other institutional investors have also made changes to their positions in JEPI. Brighton Jones LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth $402,000. AQR Capital Management LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 28.1% in the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after purchasing an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF in the 1st quarter worth $847,000. Schnieders Capital Management LLC. bought a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth $3,093,000. Finally, First Trust Advisors LP bought a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth $529,000.

JPMorgan Equity Premium Income ETF Stock Down 0.3%

NYSEARCA:JEPI opened at $56.04 on Friday. JPMorgan Equity Premium Income ETF has a 12-month low of $55.15 and a 12-month high of $59.90. The firm has a market capitalization of $44.40 billion, a P/E ratio of 23.93 and a beta of 0.56. The stock’s fifty day simple moving average is $56.68 and its 200-day simple moving average is $57.54.

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.