New Millennium Group LLC Makes New Investment in JPMorgan Equity Premium Income ETF $JEPI

New Millennium Group LLC bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 85,515 shares of the company’s stock, valued at approximately $4,895,000. JPMorgan Equity Premium Income ETF comprises approximately 2.1% of New Millennium Group LLC’s investment portfolio, making the stock its 17th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $402,000. AQR Capital Management LLC boosted its position 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 valued at $4,845,000 after acquiring 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 valued at about $847,000. Schnieders Capital Management LLC. acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $3,093,000. Finally, First Trust Advisors LP acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $529,000.

JPMorgan Equity Premium Income ETF Trading Up 0.4%

Shares of JEPI stock opened at $56.33 on Friday. The company’s 50-day moving average price is $56.79 and its 200-day moving average price is $57.55. The stock has a market cap of $44.63 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a twelve month low of $55.15 and a twelve month high of $59.90.

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.