NewEdge Advisors LLC Acquires 66,767 Shares of JPMorgan Equity Premium Income ETF $JEPI

NewEdge Advisors LLC increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 9.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 748,270 shares of the company’s stock after buying an additional 66,767 shares during the period. JPMorgan Equity Premium Income ETF makes up 0.8% of NewEdge Advisors LLC’s holdings, making the stock its 18th biggest holding. NewEdge Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $42,412,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $402,000. AQR Capital Management LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 28.1% during 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 in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF during the first quarter valued at approximately $847,000. Schnieders Capital Management LLC. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $3,093,000. Finally, First Trust Advisors LP acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $529,000.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $56.92 on Thursday. The company has a market cap of $45.41 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. The stock’s fifty day moving average price is $56.28 and its two-hundred day moving average price is $57.22. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90.

JPMorgan Equity Premium Income ETF 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.