Sentinel Advisory Group LLC Invests $531,000 in JPMorgan Equity Premium Income ETF $JEPI

Sentinel Advisory Group LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the first quarter, Holdings Channel.com reports. The fund bought 9,368 shares of the company’s stock, valued at approximately $531,000.

Several other hedge funds and other institutional investors also recently modified their holdings of JEPI. Brighton Jones LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $402,000. AQR Capital Management LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 28.1% during the first quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after purchasing an additional 18,619 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the first quarter worth $847,000. Schnieders Capital Management LLC. bought a new position in JPMorgan Equity Premium Income ETF in the second quarter worth $3,093,000. Finally, First Trust Advisors LP purchased a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at $529,000.

JPMorgan Equity Premium Income ETF Trading Up 0.7%

Shares of JEPI stock opened at $56.80 on Friday. The company’s fifty day moving average price is $56.22 and its 200-day moving average price is $57.24. The stock has a market cap of $45.36 billion, a PE ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90.

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.