Richmond Investment Services LLC Takes $568,000 Position in JPMorgan Equity Premium Income ETF $JEPI

Richmond Investment Services LLC purchased a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,020 shares of the company’s stock, valued at approximately $568,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rice Partnership LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares in the last quarter. Providence Capital Advisors LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $26,000. FNY Investment Advisers LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $28,000. Advocate Investing Services LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 1st quarter valued at about $28,000. Finally, EQ Wealth Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $29,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $56.86 on Wednesday. The firm’s 50 day moving average price is $56.17 and its 200-day moving average price is $57.34. The company has a market cap of $45.16 billion, a PE ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90.

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.