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

Cypress Wealth Services LLC purchased a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,267 shares of the company’s stock, valued at approximately $702,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter worth about $402,000. AQR Capital Management LLC increased its stake in JPMorgan Equity Premium Income ETF by 28.1% during the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after buying an additional 18,619 shares during the period. Goldman Sachs Group Inc. acquired a new position in JPMorgan Equity Premium Income ETF during the 1st quarter valued at about $847,000. Schnieders Capital Management LLC. bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $3,093,000. Finally, XTX Topco Ltd bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $405,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA:JEPI opened at $55.55 on Monday. The company has a 50 day moving average of $58.31 and a 200-day moving average of $57.59. The firm has a market cap of $40.94 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month 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.