Ritholtz Wealth Management Purchases Shares of 14,579 JPMorgan Equity Premium Income ETF $JEPI

Ritholtz Wealth Management purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,579 shares of the company’s stock, valued at approximately $835,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JEPI. Brighton Jones LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 4th quarter valued at approximately $402,000. AQR Capital Management LLC increased its position in 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 acquiring an additional 18,619 shares during the period. Goldman Sachs Group Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the 1st quarter valued at approximately $847,000. Schnieders Capital Management LLC. acquired a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $3,093,000. Finally, First Trust Advisors LP acquired a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $529,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $57.61 on Thursday. JPMorgan Equity Premium Income ETF has a 52-week low of $52.16 and a 52-week high of $59.90. The firm has a 50 day moving average price of $57.95 and a two-hundred day moving average price of $57.60. The stock has a market cap of $44.97 billion, a P/E ratio of 23.93 and a beta of 0.58.

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.