Koshinski Asset Management Inc. Grows Holdings in JPMorgan Equity Premium Income ETF $JEPI

Koshinski Asset Management Inc. lifted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 172,000 shares of the company’s stock after acquiring an additional 17,706 shares during the quarter. Koshinski Asset Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $9,749,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth $402,000. AQR Capital Management LLC raised 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 valued at $4,845,000 after buying an additional 18,619 shares during the period. Goldman Sachs Group Inc. acquired a new position in JPMorgan Equity Premium Income ETF during the 1st quarter worth about $847,000. Schnieders Capital Management LLC. acquired a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $3,093,000. Finally, First Trust Advisors LP purchased a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $529,000.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $56.71 on Friday. The company has a market cap of $44.96 billion, a P/E ratio of 23.93 and a beta of 0.54. The stock has a 50-day moving average of $56.20 and a two-hundred day moving average of $57.35. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year 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.