Rose Capital Advisors LLC Invests $740,000 in JPMorgan Equity Premium Income ETF $JEPI

Rose Capital Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 13,100 shares of the company’s stock, valued at approximately $740,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compass Financial Management LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $854,000. NBH Bank acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $27,000. Markowski Investments acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $1,631,000. Strive Financial Group LLC grew its position in JPMorgan Equity Premium Income ETF by 60.7% in the second quarter. Strive Financial Group LLC now owns 3,597 shares of the company’s stock worth $203,000 after acquiring an additional 1,359 shares during the period. Finally, Aureum Wealth Management LLC grew its position in JPMorgan Equity Premium Income ETF by 4.6% in the second quarter. Aureum Wealth Management LLC now owns 117,157 shares of the company’s stock worth $6,617,000 after acquiring an additional 5,168 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 0.4%

JEPI stock opened at $57.22 on Friday. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The stock has a market cap of $45.64 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The business has a fifty day moving average of $57.21 and a two-hundred day moving average of $57.07.

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.