Partners Wealth Management LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 38,565 shares of the company’s stock, valued at approximately $2,168,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. NBH Bank bought a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter worth $27,000. Financial Management Professionals Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth $30,000. Olistico Wealth LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter valued at approximately $35,000. William Mack & Associates Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter worth approximately $37,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the first quarter worth $51,000.
JPMorgan Equity Premium Income ETF Trading Up 0.8%
NYSEARCA:JEPI opened at $57.93 on Friday. The stock has a 50-day moving average price of $56.94 and a 200 day moving average price of $57.18. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The stock has a market capitalization of $46.49 billion, a P/E ratio of 23.93 and a beta of 0.53.
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.
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