JPMorgan Equity Premium Income ETF $JEPI Position Increased by Essex Financial Services Inc.

Essex Financial Services Inc. boosted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 12.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 86,025 shares of the company’s stock after buying an additional 9,718 shares during the quarter. Essex Financial Services Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $4,876,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of JEPI. Brighton Jones LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at $402,000. AQR Capital Management LLC raised its holdings in JPMorgan Equity Premium Income ETF by 28.1% during the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after buying an additional 18,619 shares during the period. Goldman Sachs Group Inc. purchased a new stake in JPMorgan Equity Premium Income ETF during the first quarter valued at about $847,000. Schnieders Capital Management LLC. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter worth about $3,093,000. Finally, First Trust Advisors LP acquired a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter worth about $529,000.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $56.12 on Thursday. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90. The stock has a market cap of $44.43 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. The firm’s 50 day moving average price is $56.23 and its two-hundred day moving average price is $57.36.

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.