Resolute Capital LLC Buys Shares of 32,620 JPMorgan Equity Premium Income ETF $JEPI

Resolute Capital LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, Holdings Channel reports. The firm bought 32,620 shares of the company’s stock, valued at approximately $1,867,000. JPMorgan Equity Premium Income ETF comprises 0.8% of Resolute Capital LLC’s investment portfolio, making the stock its 12th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of JEPI. Brighton Jones LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $402,000. AQR Capital Management LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 28.1% during the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after purchasing 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 during the 1st quarter valued at about $847,000. Schnieders Capital Management LLC. purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $3,093,000. Finally, First Trust Advisors LP purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $529,000.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $56.04 on Monday. JPMorgan Equity Premium Income ETF has a 52 week low of $55.15 and a 52 week high of $59.90. The firm has a market capitalization of $44.40 billion, a P/E ratio of 23.93 and a beta of 0.56. The company has a 50-day moving average price of $56.68 and a 200-day moving average price of $57.55.

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.