Nolet Wealth Management LLC Makes New Investment in JPMorgan Equity Premium Income ETF $JEPI

Nolet Wealth Management LLC acquired a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the fourth quarter, Holdings Channel.com reports. The firm acquired 28,669 shares of the company’s stock, valued at approximately $1,641,000. JPMorgan Equity Premium Income ETF accounts for approximately 0.9% of Nolet Wealth Management LLC’s investment portfolio, making the stock its 20th biggest position.

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

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $56.10 on Friday. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90. The firm’s fifty day moving average is $56.51 and its 200 day moving average is $57.43. The firm has a market cap of $44.45 billion, a P/E ratio of 23.93 and a beta of 0.54.

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.