MLP3 LLC Makes New $2.05 Million Investment in JPMorgan Equity Premium Income ETF $JEPI

MLP3 LLC purchased a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,812 shares of the company’s stock, valued at approximately $2,050,000. JPMorgan Equity Premium Income ETF accounts for 2.2% of MLP3 LLC’s investment portfolio, making the stock its 13th biggest position.

A number of other hedge funds have also modified their holdings of the company. Walled Lake Planning & Wealth Management LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 2.7% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 6,449 shares of the company’s stock worth $369,000 after purchasing an additional 171 shares during the period. Wealth Effects LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 0.6% in the fourth quarter. Wealth Effects LLC now owns 31,606 shares of the company’s stock worth $1,809,000 after purchasing an additional 173 shares during the period. WESPAC Advisors SoCal LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 4.3% in the fourth quarter. WESPAC Advisors SoCal LLC now owns 4,178 shares of the company’s stock worth $239,000 after purchasing an additional 174 shares during the period. Aspen Wealth Strategies LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 4.5% in the fourth quarter. Aspen Wealth Strategies LLC now owns 4,044 shares of the company’s stock worth $231,000 after purchasing an additional 174 shares during the period. Finally, Morey & Quinn Wealth Partners LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 4.9% in the fourth quarter. Morey & Quinn Wealth Partners LLC now owns 3,722 shares of the company’s stock worth $213,000 after purchasing an additional 175 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $56.04 on Monday. The company has a 50 day simple moving average of $56.53 and a two-hundred day simple moving average of $57.47. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90. The firm has a market cap of $44.40 billion, a P/E ratio of 23.93 and a beta of 0.54.

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.