Redmond Asset Management LLC Buys New Holdings in JPMorgan Equity Premium Income ETF $JEPI

Redmond Asset Management LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 65,350 shares of the company’s stock, valued at approximately $3,674,000. JPMorgan Equity Premium Income ETF makes up about 1.1% of Redmond Asset Management LLC’s holdings, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Legacy Private Trust Co. purchased a new position in JPMorgan Equity Premium Income ETF in the third quarter worth about $2,602,000. Private Client Services LLC bought a new stake in JPMorgan Equity Premium Income ETF during the third quarter worth approximately $3,694,000. Studio Investment Management LLC increased its stake in JPMorgan Equity Premium Income ETF by 194.0% during the second quarter. Studio Investment Management LLC now owns 54,050 shares of the company’s stock worth $3,053,000 after acquiring an additional 35,668 shares during the last quarter. Community Financial Services Group LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $6,319,000. Finally, Tucker Asset Management LLC raised its position in JPMorgan Equity Premium Income ETF by 42.1% during the second quarter. Tucker Asset Management LLC now owns 34,008 shares of the company’s stock valued at $1,921,000 after purchasing an additional 10,075 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $57.45 on Thursday. The firm has a market capitalization of $46.11 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The business has a 50 day simple moving average of $56.94 and a 200-day simple moving average of $57.18. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year 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.