Frederick Financial Consultants LLC Makes New Investment in JPMorgan Equity Premium Income ETF $JEPI

Frederick Financial Consultants LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,024 shares of the company’s stock, valued at approximately $1,432,000. JPMorgan Equity Premium Income ETF makes up approximately 0.8% of Frederick Financial Consultants LLC’s portfolio, making the stock its 29th biggest holding.

Several other hedge funds have also recently bought and sold shares of the stock. Wealth Effects LLC raised its stake in JPMorgan Equity Premium Income ETF by 0.6% during the fourth quarter. Wealth Effects LLC now owns 31,606 shares of the company’s stock worth $1,809,000 after acquiring an additional 173 shares in the last quarter. WESPAC Advisors SoCal LLC raised its stake in JPMorgan Equity Premium Income ETF by 4.3% during the fourth quarter. WESPAC Advisors SoCal LLC now owns 4,178 shares of the company’s stock worth $239,000 after acquiring an additional 174 shares in the last quarter. Aspen Wealth Strategies LLC raised its stake in JPMorgan Equity Premium Income ETF by 4.5% during the fourth quarter. Aspen Wealth Strategies LLC now owns 4,044 shares of the company’s stock worth $231,000 after acquiring an additional 174 shares in the last quarter. Morey & Quinn Wealth Partners LLC raised its stake in JPMorgan Equity Premium Income ETF by 4.9% during the fourth quarter. Morey & Quinn Wealth Partners LLC now owns 3,722 shares of the company’s stock worth $213,000 after acquiring an additional 175 shares in the last quarter. Finally, Hurley Capital LLC raised its stake in JPMorgan Equity Premium Income ETF by 2.0% during the third quarter. Hurley Capital LLC now owns 9,098 shares of the company’s stock worth $519,000 after acquiring an additional 177 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $56.04 on Monday. The stock’s fifty day moving average is $56.68 and its 200-day moving average is $57.55. The stock has a market capitalization of $44.40 billion, a PE ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a 52 week low of $55.15 and a 52 week 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.