JPMorgan Equity Premium Income ETF $JEPI Shares Newly Bought by Fagan Associates Inc.

Fagan Associates Inc. purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the third quarter, Holdings Channel reports. The fund purchased 261,279 shares of the company’s stock, valued at approximately $14,689,000. JPMorgan Equity Premium Income ETF comprises 1.7% of Fagan Associates Inc.’s portfolio, making the stock its 12th largest position.

A number of other hedge funds have also recently made changes to their positions in the stock. 3Chopt Investment Partners LLC raised its position in JPMorgan Equity Premium Income ETF by 9.0% in the first quarter. 3Chopt Investment Partners LLC now owns 2,143 shares of the company’s stock valued at $121,000 after purchasing an additional 177 shares during the period. Lineweaver Wealth Advisors LLC lifted its stake in JPMorgan Equity Premium Income ETF by 1.6% during the third quarter. Lineweaver Wealth Advisors LLC now owns 11,301 shares of the company’s stock worth $635,000 after purchasing an additional 177 shares in the last quarter. Private Capital Advisors Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 2.2% during the third quarter. Private Capital Advisors Inc. now owns 9,292 shares of the company’s stock worth $522,000 after buying an additional 200 shares during the period. Mayflower Financial Advisors LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 0.7% during the first quarter. Mayflower Financial Advisors LLC now owns 30,564 shares of the company’s stock worth $1,732,000 after buying an additional 209 shares during the period. Finally, Capstone Financial Advisors Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 1.6% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 14,739 shares of the company’s stock valued at $832,000 after buying an additional 238 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 0.1%

JEPI traded down $0.03 during mid-day trading on Tuesday, hitting $56.93. 3,629,416 shares of the stock were exchanged, compared to its average volume of 5,141,550. The firm’s fifty day moving average is $57.07 and its two-hundred day moving average is $56.72. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90. The company has a market cap of $45.86 billion, a PE ratio of 23.93 and a beta of 0.53.

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.