RFG Advisory LLC Raises Stake in JPMorgan Equity Premium Income ETF $JEPI

RFG Advisory LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 53.6% during the 1st quarter, HoldingsChannel reports. The fund owned 110,774 shares of the company’s stock after buying an additional 38,644 shares during the period. RFG Advisory LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $402,000. AQR Capital Management LLC increased its position in JPMorgan Equity Premium Income ETF by 28.1% during the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after buying an additional 18,619 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in JPMorgan Equity Premium Income ETF during the first quarter valued at $847,000. Schnieders Capital Management LLC. purchased a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at $3,093,000. Finally, First Trust Advisors LP bought a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth $529,000.

JPMorgan Equity Premium Income ETF Trading Up 0.4%

NYSEARCA JEPI opened at $56.06 on Thursday. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The stock has a market cap of $44.42 billion, a P/E ratio of 23.93 and a beta of 0.54. The stock’s fifty day moving average price is $56.37 and its 200-day moving average price is $57.40.

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.