Investment Advisory Services Group LLC Buys New Holdings in JPMorgan Equity Premium Income ETF $JEPI

Investment Advisory Services Group LLC purchased a new position 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 fund purchased 94,783 shares of the company’s stock, valued at approximately $5,425,000. JPMorgan Equity Premium Income ETF accounts for about 4.8% of Investment Advisory Services Group LLC’s investment portfolio, making the stock its 5th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth approximately $402,000. AQR Capital Management LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 28.1% in the first 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. bought a new stake in JPMorgan Equity Premium Income ETF during the 1st quarter valued at $847,000. Schnieders Capital Management LLC. purchased a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $3,093,000. Finally, First Trust Advisors LP bought a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter worth $529,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $55.85 on Tuesday. JPMorgan Equity Premium Income ETF has a 1 year low of $55.15 and a 1 year high of $59.90. The company has a market cap of $44.25 billion, a PE ratio of 23.93 and a beta of 0.56. The stock’s 50-day moving average is $57.26 and its 200 day moving average is $57.62.

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.