Independent Financial Group LLC Purchases Shares of 154,145 JPMorgan Equity Premium Income ETF $JEPI

Independent Financial Group LLC acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 154,145 shares of the company’s stock, valued at approximately $8,737,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $402,000. AQR Capital Management LLC lifted its stake 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 acquiring an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at approximately $847,000. Schnieders Capital Management LLC. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $3,093,000. Finally, First Trust Advisors LP purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth $529,000.

JPMorgan Equity Premium Income ETF Trading Up 0.6%

Shares of JEPI stock opened at $56.98 on Friday. The firm has a fifty day moving average price of $56.15 and a 200 day moving average price of $57.28. The company has a market cap of $45.36 billion, a P/E ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90.

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.