197,446 Shares in JPMorgan Equity Premium Income ETF $JEPI Purchased by Blue Water Asset Management

Blue Water Asset Management purchased a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 197,446 shares of the company’s stock, valued at approximately $11,302,000. JPMorgan Equity Premium Income ETF accounts for about 4.1% of Blue Water Asset Management’s investment portfolio, making the stock its 8th largest position.

Several other hedge funds have also recently modified their holdings of JEPI. Tcfg Wealth Management LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 3,843.5% during the 3rd quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after purchasing an additional 810,739 shares during the last quarter. Bank of America Corp DE raised its position in shares of JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after purchasing an additional 690,960 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 9.9% during the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock worth $402,053,000 after purchasing an additional 636,586 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in JPMorgan Equity Premium Income ETF by 40.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,027,327 shares of the company’s stock valued at $115,436,000 after acquiring an additional 581,218 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 5.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock valued at $538,622,000 after acquiring an additional 493,639 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.2%

JEPI stock opened at $55.89 on Friday. The company has a market cap of $44.28 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a 12 month low of $55.15 and a 12 month high of $59.90. The firm has a 50-day moving average of $57.00 and a two-hundred day moving average of $57.58.

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.