Northwestern Mutual Wealth Management Co. Purchases 72,427 Shares of JPMorgan Equity Premium Income ETF $JEPI

Northwestern Mutual Wealth Management Co. boosted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,003,765 shares of the company’s stock after purchasing an additional 72,427 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan Equity Premium Income ETF were worth $171,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JEPI. FNY Investment Advisers LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter worth about $28,000. EQ Wealth Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter worth about $29,000. BTG Pactual Asset Management US LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $31,000. Logan Capital Management Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter valued at $33,000. Finally, VSM Wealth Advisory LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 84.1% during the 3rd quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock valued at $34,000 after acquiring an additional 269 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.20 on Friday. The firm has a fifty day moving average of $56.70 and a two-hundred day moving average of $57.55. The stock has a market capitalization of $44.53 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a 52 week low of $55.15 and a 52 week high of $59.90.

JPMorgan Equity Premium Income ETF Company Profile

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.