TBH Global Asset Management LLC Invests $5.47 Million in JPMorgan Equity Premium Income ETF $JEPI

TBH Global Asset Management LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 95,755 shares of the company’s stock, valued at approximately $5,468,000. JPMorgan Equity Premium Income ETF comprises about 1.1% of TBH Global Asset Management LLC’s investment portfolio, making the stock its 19th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mattern Wealth Management LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 1.8% during the 2nd quarter. Mattern Wealth Management LLC now owns 10,082 shares of the company’s stock worth $573,000 after purchasing an additional 178 shares in the last quarter. Highline Wealth Partners LLC increased its holdings in JPMorgan Equity Premium Income ETF by 13.5% in the second quarter. Highline Wealth Partners LLC now owns 1,518 shares of the company’s stock worth $86,000 after buying an additional 180 shares during the last quarter. First Horizon Advisors Inc. raised its position in JPMorgan Equity Premium Income ETF by 9.0% during the second quarter. First Horizon Advisors Inc. now owns 2,221 shares of the company’s stock valued at $126,000 after acquiring an additional 183 shares in the last quarter. SimpliFi Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 2.6% in the second quarter. SimpliFi Inc. now owns 7,345 shares of the company’s stock valued at $418,000 after acquiring an additional 186 shares during the last quarter. Finally, Blue Chip Partners LLC lifted its stake in JPMorgan Equity Premium Income ETF by 1.2% in the second quarter. Blue Chip Partners LLC now owns 16,355 shares of the company’s stock valued at $930,000 after acquiring an additional 192 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $57.98 on Wednesday. The company’s fifty day moving average is $57.20 and its 200-day moving average is $56.90. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.73. The firm has a market cap of $41.50 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60.

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.