SHP Wealth Management Buys Shares of 749,160 JPMorgan Equity Premium Income ETF $JEPI

SHP Wealth Management purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 749,160 shares of the company’s stock, valued at approximately $42,882,000. JPMorgan Equity Premium Income ETF makes up 3.3% of SHP Wealth Management’s holdings, making the stock its 8th biggest position.

Other hedge funds have also made changes to their positions in the company. Rice Partnership LLC lifted its holdings 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 valued at $26,000 after purchasing an additional 249 shares in the last quarter. Providence Capital Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth about $26,000. FNY Investment Advisers LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth about $28,000. EQ Wealth Advisors LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $29,000. Finally, Monetary Solutions Ltd acquired a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $30,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $56.10 on Friday. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The firm’s 50 day moving average price is $56.48 and its 200 day moving average price is $57.42. The firm has a market cap of $44.45 billion, a P/E ratio of 23.93 and a beta of 0.54.

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.