Bauman Advisory Group LLC Invests $4.63 Million in JPMorgan Equity Premium Income ETF $JEPI

Bauman Advisory Group LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 80,815 shares of the company’s stock, valued at approximately $4,626,000. JPMorgan Equity Premium Income ETF comprises approximately 3.7% of Bauman Advisory Group LLC’s portfolio, making the stock its 7th biggest holding.

A number of other hedge funds also recently bought and sold shares of JEPI. Crewe Advisors LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 32.9% during the 4th 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 in the last quarter. Cascade Wealth Advisors Inc boosted its holdings in JPMorgan Equity Premium Income ETF by 5.9% in the third quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock valued at $15,237,000 after purchasing an additional 14,899 shares in the last quarter. Clearstead Trust LLC increased its stake in JPMorgan Equity Premium Income ETF by 307.8% in the third quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock valued at $4,539,000 after purchasing an additional 59,999 shares during the last quarter. Capital Investment Advisory Services LLC increased its stake in JPMorgan Equity Premium Income ETF by 32.7% in the fourth quarter. Capital Investment Advisory Services LLC now owns 225,716 shares of the company’s stock valued at $12,920,000 after purchasing an additional 55,610 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC increased its stake in JPMorgan Equity Premium Income ETF by 90.4% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 26,937 shares of the company’s stock valued at $1,542,000 after purchasing an additional 12,790 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.2%

JEPI stock opened at $56.10 on Friday. The stock has a market cap of $44.45 billion, a P/E ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90. The company’s 50 day moving average is $56.51 and its two-hundred day moving average is $57.43.

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.