Sunpointe LLC Increases Stake in JPMorgan Equity Premium Income ETF

Sunpointe LLC has raised its investment in the JPMorgan Equity Premium Income ETF (NYSEARCA: JEPI) by 12.3% during the first quarter of 2023, according to a recent filing with the Securities & Exchange Commission. The firm now holds 48,656 shares of the ETF, having acquired an additional 5,316 shares during this period. This investment represents approximately 1.5% of Sunpointe LLC’s total investment portfolio, ranking as the firm’s 18th largest holding. As of the latest filing, these holdings are valued at approximately $2.78 million.

Several other hedge funds have also adjusted their positions in the JPMorgan Equity Premium Income ETF. Prosperity Consulting Group LLC increased its stake by 7.6% in the first quarter, now owning 763,976 shares worth $43.65 million after acquiring an additional 53,857 shares. Meanwhile, Sheaff Brock Investment Advisors LLC entered the ETF market with a new stake valued at $235,000.

Melia Wealth LLC has raised its holdings by 1.8%, now owning 611,883 shares valued at $34.96 million following the purchase of 11,048 additional shares. Galvin Gaustad & Stein LLC also increased its position by 2.0%, acquiring an additional 631 shares to bring its total to 31,928 shares, valued at $1.82 million. First National Advisers LLC grew its stake by 8.7%, now owning 218,895 shares with a value of $12.51 million after buying 17,569 shares.

Performance Overview of JPMorgan Equity Premium Income ETF

As of this week, shares of the JPMorgan Equity Premium Income ETF opened at $57.32. The fund has demonstrated stable performance with a 50-day simple moving average of $56.37 and a 200-day simple moving average of $56.72. Over the past year, the ETF has experienced a low of $49.94 and a high of $60.88, reflecting its resilience in the market.

The ETF boasts a market capitalization of $41.16 billion, a price-to-earnings ratio of 23.93, and a beta of 0.62, indicating lower volatility compared to the broader market.

About JPMorgan Equity Premium Income ETF

The JPMorgan Equity Premium Income ETF (JEPI) is an actively managed exchange-traded fund that focuses on large-cap U.S. stocks as well as equity-linked notes (ELNs). The fund aims to provide returns similar to the S&P 500 Index while minimizing volatility and generating monthly income for its investors.

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