Richmond Investment Services LLC Acquires New Shares in JPMorgan Equity Premium Income ETF $JEPI

Richmond Investment Services LLC acquired a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 10,020 shares of the company’s stock, valued at approximately $568,000.

Several other hedge funds and other institutional investors have also bought and sold shares of JEPI. Brighton Jones LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth approximately $402,000. AQR Capital Management LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 28.1% in the first quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after purchasing an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in JPMorgan Equity Premium Income ETF in the 1st quarter worth approximately $847,000. Schnieders Capital Management LLC. bought a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $3,093,000. Finally, First Trust Advisors LP purchased a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $529,000.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $56.86 on Wednesday. The stock has a market capitalization of $45.16 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. The business’s fifty day moving average price is $56.17 and its 200-day moving average price is $57.34.

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.