Croban Invests $2.07 Million in JPMorgan Equity Premium Income ETF $JEPI

Croban purchased a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 36,451 shares of the company’s stock, valued at approximately $2,072,000. JPMorgan Equity Premium Income ETF makes up about 1.8% of Croban’s investment portfolio, making the stock its 17th biggest holding.

A number of other hedge funds have also recently made changes to their positions in JEPI. PDS Planning Inc raised its holdings in JPMorgan Equity Premium Income ETF by 1.8% in the 2nd quarter. PDS Planning Inc now owns 30,243 shares of the company’s stock worth $1,719,000 after acquiring an additional 540 shares during the last quarter. Cascade Investment Group Inc. raised its stake in JPMorgan Equity Premium Income ETF by 0.9% during the 2nd quarter. Cascade Investment Group Inc. now owns 31,003 shares of the company’s stock valued at $1,763,000 after buying an additional 291 shares during the last quarter. Nationwide Fund Advisors purchased a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $396,998,000. Riverchase Wealth Management LLC raised its stake in JPMorgan Equity Premium Income ETF by 119.8% during the 2nd quarter. Riverchase Wealth Management LLC now owns 8,377 shares of the company’s stock valued at $476,000 after buying an additional 4,566 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 17.2% in the 2nd quarter. Galvin Gaustad & Stein LLC now owns 37,424 shares of the company’s stock worth $2,128,000 after purchasing an additional 5,496 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $56.00 on Friday. The firm has a market capitalization of $40.53 billion, a price-to-earnings ratio of 23.93 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $60.88. The business has a fifty day moving average price of $56.77 and a 200-day moving average price of $56.12.

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.