Aspen Investment Management Inc Makes New $1.47 Million Investment in JPMorgan Equity Premium Income ETF $JEPI

Aspen Investment Management Inc bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, HoldingsChannel.com reports. The fund bought 25,707 shares of the company’s stock, valued at approximately $1,471,000.

Other hedge funds also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth about $28,000. EQ Wealth Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth about $29,000. BTG Pactual Asset Management US LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $31,000. Logan Capital Management Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the 3rd quarter worth about $33,000. Finally, VSM Wealth Advisory LLC increased its position in JPMorgan Equity Premium Income ETF by 84.1% in the 3rd quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after purchasing an additional 269 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $56.18 on Thursday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.15 and a fifty-two week high of $59.90. The stock’s 50-day moving average is $56.86 and its two-hundred day moving average is $57.56. The firm has a market cap of $44.51 billion, a P/E ratio of 23.93 and a beta of 0.56.

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.