Arsenal Capital Advisors LLC Invests $2.47 Million in JPMorgan Equity Premium Income ETF $JEPI

Arsenal Capital Advisors LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,895 shares of the company’s stock, valued at approximately $2,474,000. JPMorgan Equity Premium Income ETF accounts for about 1.7% of Arsenal Capital Advisors LLC’s holdings, making the stock its 15th largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of JEPI. Tcfg Wealth Management LLC raised its holdings in JPMorgan Equity Premium Income ETF by 3,843.5% during the third quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after acquiring an additional 810,739 shares in the last quarter. RiverFront Investment Group LLC raised its holdings in JPMorgan Equity Premium Income ETF by 24.0% during the fourth quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock worth $217,778,000 after acquiring an additional 737,043 shares in the last quarter. Bank of America Corp DE raised its holdings in JPMorgan Equity Premium Income ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after acquiring an additional 690,960 shares in the last quarter. Raymond James Financial Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 9.9% during the second quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock worth $402,053,000 after acquiring an additional 636,586 shares in the last quarter. Finally, New York Life Investment Management LLC raised its holdings in JPMorgan Equity Premium Income ETF by 191.9% during the fourth quarter. New York Life Investment Management LLC now owns 727,039 shares of the company’s stock worth $41,616,000 after acquiring an additional 477,935 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $55.52 on Friday. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The firm has a market capitalization of $43.99 billion, a PE ratio of 23.93 and a beta of 0.54. The business’s 50-day simple moving average is $56.57 and its 200 day simple moving average is $57.49.

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.