Verdence Capital Advisors LLC Makes New Investment in JPMorgan Equity Premium Income ETF $JEPI

Verdence Capital Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 51,598 shares of the company’s stock, valued at approximately $2,901,000.

Other institutional investors have also added to or reduced their stakes in the company. NBH Bank purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth about $27,000. Financial Management Professionals Inc. bought a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter valued at approximately $30,000. Olistico Wealth LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the third quarter worth $35,000. Dynamic Wealth Strategies LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter valued at about $51,000. Finally, Arlington Trust Co LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $53,000.

JPMorgan Equity Premium Income ETF Trading Up 0.3%

JEPI opened at $57.23 on Wednesday. The firm has a market cap of $45.88 billion, a P/E ratio of 23.93 and a beta of 0.53. The stock has a 50-day moving average of $56.95 and a 200 day moving average of $57.19. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month 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.