JPMorgan Equity Premium Income ETF $JEPI Shares Acquired by Valmark Advisers Inc.

Valmark Advisers Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 17.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 62,741 shares of the company’s stock after acquiring an additional 9,289 shares during the period. Valmark Advisers Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $3,591,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in JEPI. Brighton Jones LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth $402,000. AQR Capital Management LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 28.1% during the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after buying an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth $847,000. Schnieders Capital Management LLC. acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth $3,093,000. Finally, First Trust Advisors LP acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth $529,000.

JPMorgan Equity Premium Income ETF Stock Down 0.4%

NYSEARCA:JEPI opened at $57.61 on Thursday. The company has a market capitalization of $44.97 billion, a PE ratio of 23.93 and a beta of 0.58. JPMorgan Equity Premium Income ETF has a 52-week low of $52.16 and a 52-week high of $59.90. The stock has a fifty day simple moving average of $57.95 and a 200-day simple moving average of $57.60.

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.