Steele Capital Management Inc. Makes New Investment in JPMorgan Equity Premium Income ETF $JEPI

Steele Capital Management Inc. bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 307,650 shares of the company’s stock, valued at approximately $17,296,000.

Other large investors have also made changes to their positions in the company. TopTier Wealth Management LLC grew its position in JPMorgan Equity Premium Income ETF by 1.4% during the third quarter. TopTier Wealth Management LLC now owns 12,665 shares of the company’s stock valued at $712,000 after acquiring an additional 175 shares during the period. Lineweaver Wealth Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF by 1.6% during the third quarter. Lineweaver Wealth Advisors LLC now owns 11,301 shares of the company’s stock worth $635,000 after acquiring an additional 177 shares during the last quarter. Private Capital Advisors Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 2.2% in the 3rd quarter. Private Capital Advisors Inc. now owns 9,292 shares of the company’s stock worth $522,000 after purchasing an additional 200 shares during the period. Studio Investment Management LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 0.4% during the 3rd quarter. Studio Investment Management LLC now owns 54,263 shares of the company’s stock worth $3,051,000 after purchasing an additional 213 shares during the period. Finally, Capstone Financial Advisors Inc. increased its position in JPMorgan Equity Premium Income ETF by 1.6% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 14,739 shares of the company’s stock worth $832,000 after purchasing an additional 238 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $56.39 on Friday. 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 50 day moving average price of $56.88 and a 200 day moving average price of $57.16. The company has a market cap of $45.23 billion, a PE ratio of 23.93 and a beta of 0.52.

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.