Sherman Wealth Management LLC Invests $605,000 in JPMorgan Equity Premium Income ETF $JEPI

Sherman Wealth Management LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 10,587 shares of the company’s stock, valued at approximately $605,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dakota Wealth Management raised its stake in shares of JPMorgan Equity Premium Income ETF by 242.2% during the fourth quarter. Dakota Wealth Management now owns 57,799 shares of the company’s stock valued at $3,308,000 after purchasing an additional 40,907 shares during the period. CoreCap Advisors LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 8.5% in the fourth quarter. CoreCap Advisors LLC now owns 43,305 shares of the company’s stock valued at $2,479,000 after purchasing an additional 3,393 shares during the period. LongView Wealth Management grew its holdings in JPMorgan Equity Premium Income ETF by 33.5% during the 4th quarter. LongView Wealth Management now owns 44,145 shares of the company’s stock valued at $2,574,000 after purchasing an additional 11,075 shares in the last quarter. Kelly Financial Services LLC grew its holdings in JPMorgan Equity Premium Income ETF by 18.5% during the 4th quarter. Kelly Financial Services LLC now owns 30,225 shares of the company’s stock valued at $1,730,000 after purchasing an additional 4,708 shares in the last quarter. Finally, Kathmere Capital Management LLC increased its stake in JPMorgan Equity Premium Income ETF by 6.5% during the 4th quarter. Kathmere Capital Management LLC now owns 732,375 shares of the company’s stock worth $41,921,000 after buying an additional 44,376 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $55.55 on Friday. The company’s fifty day moving average price is $58.31 and its two-hundred day moving average price is $57.58. The firm has a market capitalization of $40.94 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.90.

JPMorgan Equity Premium Income ETF Company 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.