JPMorgan Equity Premium Income ETF $JEPI is Turn8 Private Wealth Inc.’s Largest Position

Turn8 Private Wealth Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 22.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 145,448 shares of the company’s stock after purchasing an additional 26,285 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 5.2% of Turn8 Private Wealth Inc.’s holdings, making the stock its largest holding. Turn8 Private Wealth Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $8,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of JEPI. Rice Partnership LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 124.5% during the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares in the last quarter. Providence Capital Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $26,000. FNY Investment Advisers LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at $28,000. Advocate Investing Services LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the first quarter valued at about $28,000. Finally, EQ Wealth Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $29,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $56.71 on Friday. The firm’s fifty day moving average is $56.20 and its 200 day moving average is $57.35. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90. The company has a market cap of $44.90 billion, a price-to-earnings 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.