Investment Partners Asset Management Inc. Purchases 17,332 Shares of JPMorgan Equity Premium Income ETF $JEPI

Investment Partners Asset Management Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 19.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,990 shares of the company’s stock after buying an additional 17,332 shares during the quarter. JPMorgan Equity Premium Income ETF makes up 3.7% of Investment Partners Asset Management Inc.’s investment portfolio, making the stock its 3rd largest position. Investment Partners Asset Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $6,010,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Clarity Asset Management Inc. acquired a new stake in JPMorgan Equity Premium Income ETF during the second quarter worth approximately $25,000. Asset Dedication LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $28,000. BTG Pactual Asset Management US LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $31,000. Logan Capital Management Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the 3rd quarter valued at $33,000. Finally, VSM Wealth Advisory LLC lifted its stake 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 worth $34,000 after purchasing an additional 269 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 1.9%

JEPI stock opened at $56.68 on Wednesday. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $59.90. The stock’s fifty day simple moving average is $58.24 and its 200-day simple moving average is $57.58. The stock has a market capitalization of $41.77 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

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.