L2 Asset Management LLC lifted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 160.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,476 shares of the company’s stock after buying an additional 13,843 shares during the period. L2 Asset Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,287,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Rice Partnership LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 124.5% in the 4th quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after buying an additional 249 shares in the last quarter. Providence Capital Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth $26,000. FNY Investment Advisers LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth $28,000. EQ Wealth Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth $29,000. Finally, BTG Pactual Asset Management US LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth $31,000.
JPMorgan Equity Premium Income ETF Stock Up 0.6%
Shares of NYSEARCA JEPI opened at $56.37 on Tuesday. The stock has a market capitalization of $44.66 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. The stock’s fifty day simple moving average is $56.53 and its 200 day simple moving average is $57.47. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90.
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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