Chapin Davis Inc. Purchases 62,050 Shares of JPMorgan Equity Premium Income ETF $JEPI

Chapin Davis Inc. acquired a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 62,050 shares of the company’s stock, valued at approximately $3,488,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JEPI. Hamilton Capital LLC acquired a new position in JPMorgan Equity Premium Income ETF in the third quarter valued at approximately $84,219,000. Tableaux LLC grew its holdings in JPMorgan Equity Premium Income ETF by 1,462.3% during the 4th quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock worth $86,084,000 after acquiring an additional 1,407,660 shares during the period. SHP Wealth Management bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at $42,882,000. Foguth Wealth Management LLC. raised its position in shares of 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 valued at $51,530,000 after acquiring an additional 722,490 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of JPMorgan Equity Premium Income ETF by 10.0% in the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after purchasing an additional 553,011 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.4%

NYSEARCA:JEPI opened at $56.67 on Friday. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The stock’s fifty day simple moving average is $57.09 and its 200-day simple moving average is $56.72. The firm has a market capitalization of $45.73 billion, a P/E ratio of 23.93 and a beta of 0.53.

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.