Blue Water Asset Management Invests $11.30 Million in JPMorgan Equity Premium Income ETF $JEPI

Blue Water Asset Management bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 197,446 shares of the company’s stock, valued at approximately $11,302,000. JPMorgan Equity Premium Income ETF makes up approximately 4.1% of Blue Water Asset Management’s portfolio, making the stock its 8th biggest position.

Several other hedge funds have also modified their holdings of JEPI. FNY Investment Advisers LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth about $28,000. EQ Wealth Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth about $29,000. BTG Pactual Asset Management US LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $31,000. Logan Capital Management Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $33,000. Finally, VSM Wealth Advisory LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 84.1% during the 3rd quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after acquiring an additional 269 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.2%

JEPI opened at $55.89 on Friday. JPMorgan Equity Premium Income ETF has a twelve month low of $55.15 and a twelve month high of $59.90. The company has a 50-day moving average price of $57.00 and a 200 day moving average price of $57.58. The company has a market cap of $44.28 billion, a PE ratio of 23.93 and a beta of 0.56.

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.