New York Life Investment Management LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 1,548.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 661,625 shares of the company’s stock after buying an additional 621,500 shares during the period. New York Life Investment Management LLC owned about 0.08% of JPMorgan Equity Premium Income ETF worth $37,197,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. NBH Bank acquired a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter worth about $27,000. Financial Management Professionals Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter worth approximately $30,000. Olistico Wealth LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter worth approximately $35,000. William Mack & Associates Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter worth approximately $37,000. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the first quarter valued at approximately $51,000.
JPMorgan Equity Premium Income ETF Price Performance
JEPI stock opened at $57.66 on Wednesday. The firm has a market capitalization of $46.24 billion, a P/E ratio of 23.93 and a beta of 0.52. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The company’s 50 day simple moving average is $56.85 and its 200-day simple moving average is $57.15.
JPMorgan Equity Premium Income ETF 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.
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