Ruggiero Investments Inc. Acquires New Stake in JPMorgan Equity Premium Income ETF $JEPI

Ruggiero Investments Inc. acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 35,964 shares of the company’s stock, valued at approximately $2,059,000. JPMorgan Equity Premium Income ETF accounts for 1.9% of Ruggiero Investments Inc.’s holdings, making the stock its 14th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of JEPI. Brighton Jones LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $402,000. AQR Capital Management LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 28.1% in 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 during the period. Goldman Sachs Group Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at $847,000. Schnieders Capital Management LLC. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $3,093,000. Finally, First Trust Advisors LP purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $529,000.

JPMorgan Equity Premium Income ETF Trading Up 0.9%

JEPI stock opened at $55.80 on Friday. The company has a market capitalization of $44.21 billion, a PE ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The business’s fifty day moving average price is $56.54 and its 200 day moving average price is $57.48.

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.