Park Avenue Securities LLC Makes New $4.67 Million Investment in JPMorgan Equity Premium Income ETF $JEPI

Park Avenue Securities LLC purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, Holdings Channel.com reports. The firm purchased 83,068 shares of the company’s stock, valued at approximately $4,670,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Legacy Private Trust Co. acquired a new stake in JPMorgan Equity Premium Income ETF during the third quarter worth about $2,602,000. Private Client Services LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter worth $3,694,000. Studio Investment Management LLC grew its position in JPMorgan Equity Premium Income ETF by 194.0% in the 2nd quarter. Studio Investment Management LLC now owns 54,050 shares of the company’s stock valued at $3,053,000 after buying an additional 35,668 shares in the last quarter. Community Financial Services Group LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter valued at $6,319,000. Finally, Tucker Asset Management LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 42.1% in the 2nd quarter. Tucker Asset Management LLC now owns 34,008 shares of the company’s stock worth $1,921,000 after purchasing an additional 10,075 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.8%

Shares of JEPI opened at $57.93 on Friday. The stock has a market capitalization of $46.49 billion, a P/E ratio of 23.93 and a beta of 0.53. The business’s 50-day moving average price is $56.94 and its 200 day moving average price is $57.18. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90.

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.