Mosley Wealth Management Invests $13.42 Million in JPMorgan Equity Premium Income ETF $JEPI

Mosley Wealth Management purchased a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 235,850 shares of the company’s stock, valued at approximately $13,422,000. JPMorgan Equity Premium Income ETF comprises about 6.2% of Mosley Wealth Management’s portfolio, making the stock its biggest position.

Several other institutional investors and hedge funds have also modified their holdings of JEPI. Brighton Jones LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth $402,000. AQR Capital Management LLC boosted its stake in shares of 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 acquiring an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth $847,000. Schnieders Capital Management LLC. purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth $3,093,000. Finally, First Trust Advisors LP purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth $529,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $55.80 on Friday. The company has a market capitalization of $44.21 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90. The company’s fifty day moving average price is $56.54 and its 200-day moving average price is $57.48.

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.