Peregrine Asset Advisers Inc. Buys Shares of 91,234 JPMorgan Equity Premium Income ETF $JEPI

Peregrine Asset Advisers Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 91,234 shares of the company’s stock, valued at approximately $5,222,000. JPMorgan Equity Premium Income ETF makes up 1.5% of Peregrine Asset Advisers Inc.’s portfolio, making the stock its 23rd biggest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $28,000. EQ Wealth Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at approximately $29,000. BTG Pactual Asset Management US LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $31,000. Logan Capital Management Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at approximately $33,000. Finally, VSM Wealth Advisory LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 84.1% in the 3rd quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock valued at $34,000 after buying an additional 269 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $56.82 on Monday. The stock has a market cap of $45.02 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56. The business has a 50 day simple moving average of $57.58 and a 200 day simple moving average of $57.65. JPMorgan Equity Premium Income ETF has a 52 week low of $55.15 and a 52 week 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.