Millennium Capital Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) in the fourth quarter, Holdings Channel reports. The fund purchased 22,181 shares of the company’s stock, valued at approximately $1,270,000. JPMorgan Equity Premium Income ETF makes up about 0.7% of Millennium Capital Advisors LLC’s holdings, making the stock its 28th biggest holding.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Crewe Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF by 32.9% during the fourth quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock valued at $2,198,000 after acquiring an additional 9,514 shares during the period. Clearstead Trust LLC increased its stake in JPMorgan Equity Premium Income ETF by 307.8% during the third quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock valued at $4,539,000 after acquiring an additional 59,999 shares during the period. Cascade Wealth Advisors Inc increased its stake in JPMorgan Equity Premium Income ETF by 5.9% during the third quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock valued at $15,237,000 after acquiring an additional 14,899 shares during the period. BG Investment Services Inc. increased its stake in JPMorgan Equity Premium Income ETF by 49.1% during the third quarter. BG Investment Services Inc. now owns 68,887 shares of the company’s stock valued at $3,933,000 after acquiring an additional 22,670 shares during the period. Finally, Cyndeo Wealth Partners LLC increased its stake in JPMorgan Equity Premium Income ETF by 90.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 26,937 shares of the company’s stock valued at $1,542,000 after acquiring an additional 12,790 shares during the period.
JPMorgan Equity Premium Income ETF Stock Down 0.2%
Shares of JEPI opened at $55.89 on Friday. JPMorgan Equity Premium Income ETF has a 12-month low of $55.15 and a 12-month high of $59.90. The firm has a market capitalization of $44.28 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56. The stock’s 50-day moving average price is $57.00 and its 200 day moving average price is $57.58.
JPMorgan Equity Premium Income ETF Company 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.
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