Pincus Capital Management LP Makes New Investment in JPMorgan Equity Premium Income ETF $JEPI

Pincus Capital Management LP bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 15,500 shares of the company’s stock, valued at approximately $887,000.

A number of other large investors also recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% in the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after purchasing an additional 690,960 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 5.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock worth $538,622,000 after purchasing an additional 493,639 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 2.8% in the 3rd quarter. Raymond James Financial Inc. now owns 7,273,381 shares of the company’s stock worth $415,310,000 after purchasing an additional 201,202 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 0.7% in the 4th quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock worth $405,826,000 after purchasing an additional 51,190 shares during the last quarter. Finally, RiverFront Investment Group LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 24.0% in the 4th quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock worth $217,778,000 after purchasing an additional 737,043 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 1.3%

Shares of NYSEARCA JEPI opened at $55.32 on Tuesday. The stock’s 50 day simple moving average is $56.65 and its 200 day simple moving average is $57.54. The company has a market cap of $43.83 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a 12-month low of $55.15 and a 12-month high of $59.90.

JPMorgan Equity Premium Income ETF 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.