Novem Group Invests $1.31 Million in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Novem Group 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 22,749 shares of the company’s stock, valued at approximately $1,309,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JEPI. MidWestOne Financial Group Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 5.0% during the 4th quarter. MidWestOne Financial Group Inc. now owns 115,572 shares of the company’s stock worth $6,649,000 after buying an additional 5,483 shares in the last quarter. Elequin Capital LP purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth $66,000. Focus Partners Advisor Solutions LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 1,399.8% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 150,161 shares of the company’s stock valued at $8,639,000 after acquiring an additional 140,149 shares in the last quarter. Continuum Advisory LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 9.0% in the fourth quarter. Continuum Advisory LLC now owns 86,778 shares of the company’s stock valued at $4,992,000 after purchasing an additional 7,137 shares during the period. Finally, Note Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF during the 4th quarter worth $1,347,000.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $56.30 on Wednesday. The business’s 50-day moving average is $55.36 and its two-hundred day moving average is $57.68. The firm has a market capitalization of $39.78 billion, a P/E ratio of 24.55 and a beta of 0.61. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $60.88.

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.