Fortune Financial Group Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 10,788 shares of the company’s stock, valued at approximately $625,000.
Several other hedge funds have also recently added to or reduced their stakes in JEPI. Brighton Jones LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $402,000. AQR Capital Management LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 28.1% in the first quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after acquiring an additional 18,619 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the first quarter valued at $847,000. Schnieders Capital Management LLC. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at $3,093,000. Finally, First Trust Advisors LP purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at $529,000.
JPMorgan Equity Premium Income ETF Stock Down 0.9%
Shares of NYSEARCA:JEPI opened at $55.29 on Thursday. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The stock’s fifty day simple moving average is $56.56 and its 200-day simple moving average is $57.49. The company has a market capitalization of $43.81 billion, a P/E ratio of 23.93 and a beta of 0.54.
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.
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