Jefferies Financial Group Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) during the fourth quarter, HoldingsChannel reports. The fund acquired 9,774 shares of the company’s stock, valued at approximately $559,000.
A number of other hedge funds have also recently added to or reduced their stakes in JEPI. Tcfg Wealth Management LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 3,843.5% in the third quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock valued at $47,498,000 after purchasing an additional 810,739 shares in the last quarter. RiverFront Investment Group LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 24.0% in the fourth quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock valued at $217,778,000 after purchasing an additional 737,043 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after purchasing an additional 690,960 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 9.9% in the second quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after purchasing an additional 636,586 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of JPMorgan Equity Premium Income ETF by 40.2% in the third quarter. Jones Financial Companies Lllp now owns 2,027,327 shares of the company’s stock valued at $115,436,000 after purchasing an additional 581,218 shares in the last quarter.
JPMorgan Equity Premium Income ETF Price Performance
Shares of JPMorgan Equity Premium Income ETF stock opened at $56.04 on Friday. The firm has a market cap of $44.40 billion, a P/E ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.15 and a fifty-two week high of $59.90. The firm has a 50 day simple moving average of $56.68 and a 200 day simple moving average of $57.54.
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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