JPMorgan Equity Premium Income ETF $JEPI Shares Purchased by Essex Financial Services Inc.

Essex Financial Services Inc. grew its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 12.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,025 shares of the company’s stock after buying an additional 9,718 shares during the quarter. Essex Financial Services Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $4,876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Rice Partnership LLC raised its holdings in JPMorgan Equity Premium Income ETF by 124.5% during the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after purchasing an additional 249 shares in the last quarter. Providence Capital Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at $26,000. FNY Investment Advisers LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at $28,000. Advocate Investing Services LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter valued at $28,000. Finally, EQ Wealth Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth $29,000.

JPMorgan Equity Premium Income ETF Stock Down 0.6%

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.12 on Thursday. The business has a fifty day simple moving average of $56.23 and a 200-day simple moving average of $57.36. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The firm has a market cap of $44.43 billion, a price-to-earnings 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.