Lido Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) in the third quarter, HoldingsChannel.com reports. The fund acquired 530,459 shares of the company’s stock, valued at approximately $29,822,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $197,781,000. Hamilton Capital LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $84,219,000. Nottingham Advisors Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $46,488,000. Oakworth Capital Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $41,768,000. Finally, Foguth Wealth Management LLC. grew its stake in JPMorgan Equity Premium Income ETF by 366.7% in the 1st quarter. Foguth Wealth Management LLC. now owns 919,518 shares of the company’s stock valued at $51,530,000 after buying an additional 722,490 shares during the last quarter.
JPMorgan Equity Premium Income ETF Stock Performance
Shares of JEPI opened at $57.66 on Wednesday. The firm has a market cap of $46.24 billion, a P/E ratio of 23.93 and a beta of 0.52. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90. The firm’s 50-day simple moving average is $56.85 and its 200 day simple moving average is $57.15.
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.
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