Brookstone Capital Management Buys 42,508 Shares of JPMorgan Equity Premium Income ETF $JEPI

Brookstone Capital Management grew its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 902,434 shares of the company’s stock after buying an additional 42,508 shares during the period. Brookstone Capital Management’s holdings in JPMorgan Equity Premium Income ETF were worth $51,150,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in JEPI. Rice Partnership LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares during the period. Providence Capital Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $26,000. FNY Investment Advisers LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $28,000. EQ Wealth Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $29,000. Finally, Monetary Solutions Ltd bought a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $30,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $56.10 on Monday. The firm 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 1 year low of $55.10 and a 1 year high of $59.90. The company has a 50 day simple moving average of $56.48 and a two-hundred day simple moving average of $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.