Guided Capital Wealth Management LLC Buys New Shares in JPMorgan Equity Premium Income ETF $JEPI

Guided Capital Wealth Management LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 11,986 shares of the company’s stock, valued at approximately $686,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of JEPI. Saxony Capital Management LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 22.2% in the fourth quarter. Saxony Capital Management LLC now owns 86,819 shares of the company’s stock worth $4,970,000 after buying an additional 15,780 shares during the period. Royal Fund Management LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at approximately $300,000. Lewis Asset Management LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 1.7% during the 4th quarter. Lewis Asset Management LLC now owns 54,469 shares of the company’s stock valued at $3,118,000 after acquiring an additional 911 shares during the period. Silver Oak Securities Incorporated increased its holdings in JPMorgan Equity Premium Income ETF by 3.7% in the 4th quarter. Silver Oak Securities Incorporated now owns 50,952 shares of the company’s stock worth $2,954,000 after acquiring an additional 1,798 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its holdings in JPMorgan Equity Premium Income ETF by 5.9% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 59,427 shares of the company’s stock worth $3,402,000 after acquiring an additional 3,302 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 1.9%

NYSEARCA JEPI opened at $56.68 on Wednesday. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.90. The stock has a market cap of $41.77 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The company’s 50 day moving average is $58.24 and its two-hundred day moving average is $57.58.

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.