JSF Financial LLC raised its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 54.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,183 shares of the company’s stock after buying an additional 23,923 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 0.8% of JSF Financial LLC’s portfolio, making the stock its 21st biggest position. JSF Financial LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,865,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of JEPI. Brighton Jones LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter valued at $402,000. AQR Capital Management LLC grew its position in JPMorgan Equity Premium Income ETF by 28.1% during the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after purchasing an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the first quarter valued at $847,000. Schnieders Capital Management LLC. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at about $3,093,000. Finally, First Trust Advisors LP acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth about $529,000.
JPMorgan Equity Premium Income ETF Stock Down 0.3%
NYSEARCA JEPI opened at $56.39 on Tuesday. The firm has a market cap of $44.99 billion, a P/E ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The business’s 50-day moving average price is $56.17 and its 200 day moving average price is $57.26.
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.
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