First Horizon Corp Buys New Shares in JPMorgan Equity Premium Income ETF $JEPI

First Horizon Corp purchased a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the first quarter, Holdings Channel reports. The firm purchased 29,818 shares of the company’s stock, valued at approximately $1,690,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Rice Partnership LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 124.5% in the 4th 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 purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $26,000. FNY Investment Advisers LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $28,000. Advocate Investing Services LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter valued at about $28,000. Finally, EQ Wealth Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $29,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $56.76 on Friday. The firm has a market cap of $45.08 billion, a P/E ratio of 23.93 and a beta of 0.54. The stock has a 50 day simple moving average of $56.15 and a two-hundred day simple moving average of $57.32. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90.

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.