Sterling Investment Counsel LLC Has $26.75 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

Sterling Investment Counsel LLC increased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 120.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 468,402 shares of the company’s stock after purchasing an additional 255,572 shares during the period. JPMorgan Equity Premium Income ETF makes up approximately 8.6% of Sterling Investment Counsel LLC’s portfolio, making the stock its 3rd biggest holding. Sterling Investment Counsel LLC owned approximately 0.07% of JPMorgan Equity Premium Income ETF worth $26,746,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of JEPI. Brighton Jones LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $402,000. Russell Investments Group Ltd. raised its position in JPMorgan Equity Premium Income ETF by 201.9% in the 1st quarter. Russell Investments Group Ltd. now owns 1,129 shares of the company’s stock worth $64,000 after purchasing an additional 755 shares during the period. AQR Capital Management LLC raised its position in 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 purchasing an additional 18,619 shares during the period. Banque Transatlantique SA bought a new stake in JPMorgan Equity Premium Income ETF in the first quarter worth $280,000. Finally, Curi RMB Capital LLC boosted its position in JPMorgan Equity Premium Income ETF by 11.2% during the first quarter. Curi RMB Capital LLC now owns 11,472 shares of the company’s stock valued at $656,000 after buying an additional 1,156 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 1.3%

Shares of NYSEARCA:JEPI opened at $57.24 on Friday. The stock has a market capitalization of $40.97 billion, a P/E ratio of 23.93 and a beta of 0.60. The stock’s 50-day moving average price is $57.20 and its 200-day moving average price is $56.90. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $59.73.

About JPMorgan Equity Premium Income ETF

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.