Tenzing Financial LLC Invests $16.66 Million in JPMorgan Equity Premium Income ETF $JEPI

Tenzing Financial LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 291,052 shares of the company’s stock, valued at approximately $16,660,000. JPMorgan Equity Premium Income ETF makes up approximately 13.5% of Tenzing Financial LLC’s portfolio, making the stock its biggest holding.

Other large investors have also modified their holdings of the company. Rice Partnership LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 124.5% during the 4th quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares in the last quarter. Providence Capital Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth $26,000. FNY Investment Advisers LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth $28,000. EQ Wealth Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth $29,000. Finally, BTG Pactual Asset Management US LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth $31,000.

JPMorgan Equity Premium Income ETF Price Performance

JEPI opened at $56.04 on Monday. The firm has a market cap of $44.40 billion, a PE ratio of 23.93 and a beta of 0.54. The business has a fifty day simple moving average of $56.53 and a 200-day simple moving average of $57.47. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90.

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.