Nottingham Advisors Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) in the third quarter, Holdings Channel reports. The firm bought 830,011 shares of the company’s stock, valued at approximately $46,488,000. JPMorgan Equity Premium Income ETF comprises 5.7% of Nottingham Advisors Inc.’s holdings, making the stock its 5th biggest position.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hamilton Capital LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at $84,219,000. Oakworth Capital Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter worth $41,768,000. Foguth Wealth Management LLC. grew its stake in shares of JPMorgan Equity Premium Income ETF by 366.7% during the first quarter. Foguth Wealth Management LLC. now owns 919,518 shares of the company’s stock worth $51,530,000 after purchasing an additional 722,490 shares during the period. BOKF NA bought a new stake in JPMorgan Equity Premium Income ETF in the third quarter valued at about $33,567,000. Finally, Brookstone Capital Management bought a new stake in JPMorgan Equity Premium Income ETF in the third quarter valued at about $33,302,000.
JPMorgan Equity Premium Income ETF Trading Down 0.3%
Shares of JEPI opened at $57.39 on Tuesday. The stock’s 50-day moving average price is $56.93 and its two-hundred day moving average price is $57.17. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The stock has a market cap of $46.06 billion, a P/E ratio of 23.93 and a beta of 0.53.
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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.
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