Western Wealth Management LLC Invests $5.48 Million in JPMorgan Equity Premium Income ETF $JEPI

Western Wealth Management LLC bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the first quarter, Holdings Channel reports. The fund bought 96,678 shares of the company’s stock, valued at approximately $5,480,000.

Other hedge funds have also modified their holdings of the company. Equitable Holdings Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 3,477.6% in the 4th quarter. Equitable Holdings Inc. now owns 1,853,767 shares of the company’s stock valued at $106,110,000 after purchasing an additional 1,801,951 shares during the period. Tableaux LLC raised its holdings in JPMorgan Equity Premium Income ETF by 1,462.3% during the 4th quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock worth $86,084,000 after buying an additional 1,407,660 shares during the period. Raymond James Financial Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 11.4% during the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after buying an additional 825,889 shares during the period. SHP Wealth Management purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $42,882,000. Finally, RiverFront Investment Group LLC lifted its stake in JPMorgan Equity Premium Income ETF by 24.0% during the fourth quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock valued at $217,778,000 after buying an additional 737,043 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $57.24 on Friday. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90. The company has a 50-day moving average of $56.31 and a two-hundred day moving average of $57.22. The stock has a market cap of $45.66 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54.

JPMorgan Equity Premium Income ETF Company 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.