WNY Asset Management LLC Makes New Investment in JPMorgan Equity Premium Income ETF $JEPI

WNY Asset Management LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 108,291 shares of the company’s stock, valued at approximately $6,138,000. JPMorgan Equity Premium Income ETF makes up about 0.6% of WNY Asset Management LLC’s investment portfolio, making the stock its 29th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rice Partnership LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 124.5% in the 4th 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. Providence Capital Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF during the 4th quarter worth about $26,000. FNY Investment Advisers LLC acquired a new position in JPMorgan Equity Premium Income ETF during the 4th quarter worth about $28,000. Advocate Investing Services LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 1st quarter valued at about $28,000. Finally, EQ Wealth Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $29,000.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $57.43 on Friday. The company has a market cap of $45.81 billion, a P/E ratio of 23.93 and a beta of 0.54. The stock has a 50-day moving average of $56.33 and a two-hundred day moving average of $57.22. 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 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.