BIP Wealth LLC Makes New Investment in JPMorgan Equity Premium Income ETF $JEPI

BIP Wealth LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 32,742 shares of the company’s stock, valued at approximately $1,874,000.

A number of other hedge funds also recently bought and sold shares of JEPI. Crewe Advisors LLC raised its position in JPMorgan Equity Premium Income ETF by 32.9% during the fourth quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock worth $2,198,000 after acquiring an additional 9,514 shares during the period. Scott Capital Advisors LLC raised its position 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 acquiring an additional 68,548 shares during the period. Clearstead Trust LLC increased its stake in JPMorgan Equity Premium Income ETF by 307.8% during the 3rd quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock worth $4,539,000 after buying an additional 59,999 shares in the last quarter. BG Investment Services Inc. increased its stake in JPMorgan Equity Premium Income ETF by 49.1% during the 3rd quarter. BG Investment Services Inc. now owns 68,887 shares of the company’s stock worth $3,933,000 after buying an additional 22,670 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in JPMorgan Equity Premium Income ETF by 7.6% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 214,637 shares of the company’s stock worth $12,256,000 after buying an additional 15,186 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 1.9%

NYSEARCA:JEPI opened at $57.61 on Thursday. JPMorgan Equity Premium Income ETF has a 12 month low of $50.54 and a 12 month high of $59.90. The stock has a 50 day moving average of $58.03 and a two-hundred day moving average of $57.57. The firm has a market cap of $44.66 billion, a P/E ratio of 23.93 and a beta of 0.59.

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.