Compass Financial Management LLC Takes $854,000 Position in JPMorgan Equity Premium Income ETF $JEPI

Compass Financial Management LLC acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 2nd quarter, Holdings Channel reports. The fund acquired 14,936 shares of the company’s stock, valued at approximately $854,000.

A number of other hedge funds have also made changes to their positions in the stock. 4WEALTH Advisors Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 1.2% during the 2nd quarter. 4WEALTH Advisors Inc. now owns 80,521 shares of the company’s stock valued at $4,545,000 after purchasing an additional 970 shares in the last quarter. Sulzberger Capital Advisors Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 12.3% during the 2nd quarter. Sulzberger Capital Advisors Inc. now owns 146,306 shares of the company’s stock valued at $8,263,000 after purchasing an additional 16,048 shares during the period. Madrona Financial Services LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 4.0% in the 2nd quarter. Madrona Financial Services LLC now owns 140,005 shares of the company’s stock worth $7,907,000 after buying an additional 5,405 shares in the last quarter. TCFG Investment Advisors LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 3.7% in the 2nd quarter. TCFG Investment Advisors LLC now owns 22,730 shares of the company’s stock worth $1,288,000 after buying an additional 809 shares in the last quarter. Finally, Aspen Investment Management Inc raised its stake in shares of JPMorgan Equity Premium Income ETF by 12.8% in the 2nd quarter. Aspen Investment Management Inc now owns 34,342 shares of the company’s stock worth $1,940,000 after buying an additional 3,910 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $57.92 on Monday. The business has a fifty day simple moving average of $56.91 and a 200-day simple moving average of $57.14. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The firm has a market cap of $46.20 billion, a price-to-earnings 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.