235,850 Shares in JPMorgan Equity Premium Income ETF $JEPI Acquired by Mosley Wealth Management

Mosley Wealth Management bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 235,850 shares of the company’s stock, valued at approximately $13,422,000. JPMorgan Equity Premium Income ETF comprises approximately 6.2% of Mosley Wealth Management’s investment portfolio, making the stock its biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JEPI. Brighton Jones LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter worth approximately $402,000. AQR Capital Management LLC boosted its holdings 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 purchasing an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the first quarter worth approximately $847,000. Schnieders Capital Management LLC. purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth approximately $3,093,000. Finally, First Trust Advisors LP purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth approximately $529,000.

JPMorgan Equity Premium Income ETF Trading Up 0.9%

Shares of JEPI stock opened at $55.80 on Friday. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The firm’s 50 day moving average is $56.54 and its 200 day moving average is $57.48. The stock has a market capitalization of $44.21 billion, a P/E ratio of 23.93 and a beta of 0.54.

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.