Gilpin Wealth Management LLC Acquires New Position in JPMorgan Equity Premium Income ETF $JEPI

Gilpin Wealth Management LLC acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,909 shares of the company’s stock, valued at approximately $968,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rice Partnership LLC raised its stake in JPMorgan Equity Premium Income ETF by 124.5% in the 4th quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after acquiring an additional 249 shares during the period. FNY Investment Advisers LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $28,000. EQ Wealth Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $29,000. BTG Pactual Asset Management US LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $31,000. Finally, Logan Capital Management Inc. bought a new stake in JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $33,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock 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 50-day simple moving average is $56.56 and its 200 day simple moving average is $57.49. The stock has a market capitalization of $43.81 billion, a P/E ratio of 23.93 and a beta of 0.54.

JPMorgan Equity Premium Income ETF 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.