BIP Wealth LLC Takes $1.87 Million Position in JPMorgan Equity Premium Income ETF $JEPI

BIP Wealth LLC purchased a new stake 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 SEC. The institutional investor purchased 32,742 shares of the company’s stock, valued at approximately $1,874,000.

Several other hedge funds have also made changes to their positions in JEPI. Penney Financial LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 8.1% in the 4th quarter. Penney Financial LLC now owns 97,787 shares of the company’s stock valued at $5,597,000 after purchasing an additional 7,325 shares during the last quarter. HRC Wealth Management LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $204,000. 4WEALTH Advisors Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 1.0% in the 4th quarter. 4WEALTH Advisors Inc. now owns 77,896 shares of the company’s stock valued at $4,459,000 after purchasing an additional 785 shares during the last quarter. ProCore Advisors LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $993,000. Finally, Snider Financial Group lifted its stake in shares of JPMorgan Equity Premium Income ETF by 9.8% in the 4th quarter. Snider Financial Group now owns 78,386 shares of the company’s stock valued at $4,487,000 after purchasing an additional 6,973 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 1.9%

Shares of JPMorgan Equity Premium Income ETF stock opened at $57.61 on Thursday. JPMorgan Equity Premium Income ETF has a 52 week low of $50.54 and a 52 week high of $59.90. The business’s fifty day simple moving average is $58.03 and its 200-day simple moving average is $57.57. The firm has a market cap of $44.66 billion, a PE 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.