Gilpin Wealth Management LLC Takes $968,000 Position in JPMorgan Equity Premium Income ETF $JEPI

Gilpin Wealth Management LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,909 shares of the company’s stock, valued at approximately $968,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rice Partnership LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 124.5% during the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after buying an additional 249 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $28,000. EQ Wealth Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $29,000. BTG Pactual Asset Management US LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at about $31,000. Finally, Logan Capital Management Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter valued at about $33,000.

JPMorgan Equity Premium Income ETF Trading Down 0.9%

JEPI stock opened at $55.29 on Thursday. The company’s 50 day moving average is $56.56 and its 200 day moving average is $57.49. The stock has a market cap of $43.81 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year 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.