Steele Capital Management Inc. Purchases 307,650 Shares of JPMorgan Equity Premium Income ETF $JEPI

Steele Capital Management Inc. acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 307,650 shares of the company’s stock, valued at approximately $17,296,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of JEPI. Commonwealth Equity Services LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter worth about $197,781,000. Hamilton Capital LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter valued at about $84,219,000. Nottingham Advisors Inc. acquired a new position in JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $46,488,000. Oakworth Capital Inc. acquired a new position in JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $41,768,000. Finally, Foguth Wealth Management LLC. lifted its position in JPMorgan Equity Premium Income ETF by 366.7% during the 1st quarter. Foguth Wealth Management LLC. now owns 919,518 shares of the company’s stock worth $51,530,000 after acquiring an additional 722,490 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 3.3%

NYSEARCA JEPI opened at $56.39 on Friday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The business has a 50 day moving average price of $56.88 and a two-hundred day moving average price of $57.16. The stock has a market cap of $45.23 billion, a PE ratio of 23.93 and a beta of 0.52.

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.