Sherman Wealth Management LLC Makes New Investment in JPMorgan Equity Premium Income ETF $JEPI

Sherman Wealth Management LLC bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,587 shares of the company’s stock, valued at approximately $605,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Clarity Asset Management Inc. acquired a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at $25,000. Asset Dedication LLC acquired a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth $28,000. BTG Pactual Asset Management US LLC acquired a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth $31,000. Logan Capital Management Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth about $33,000. Finally, VSM Wealth Advisory LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 84.1% in the 3rd quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after purchasing an additional 269 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $55.55 on Friday. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.90. The firm’s 50-day simple moving average is $58.31 and its 200-day simple moving average is $57.58. The firm has a market cap of $40.94 billion, a PE ratio of 23.93 and a beta of 0.60.

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.