Private Advisor Group LLC Boosts Stake in JPMorgan Equity Premium Income ETF $JEPI

Private Advisor Group LLC boosted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 144.3% in the 1st quarter, Holdings Channel reports. The firm owned 253,727 shares of the company’s stock after buying an additional 149,873 shares during the quarter. Private Advisor Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $14,381,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at $402,000. AQR Capital Management LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 28.1% during the first quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after purchasing an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF during the first quarter worth $847,000. Schnieders Capital Management LLC. purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at $3,093,000. Finally, First Trust Advisors LP purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at $529,000.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $56.71 on Friday. The stock has a market cap of $44.96 billion, a PE ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The company’s 50-day moving average price is $56.20 and its 200-day moving average price is $57.35.

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.