MTM Financial Group LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 12.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,878 shares of the company’s stock after buying an additional 23,130 shares during the quarter. JPMorgan Equity Premium Income ETF comprises 5.6% of MTM Financial Group LLC’s investment portfolio, making the stock its 5th biggest position. MTM Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $11,839,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of JEPI. Rice Partnership LLC raised its holdings in JPMorgan Equity Premium Income ETF by 124.5% during the 4th quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after acquiring an additional 249 shares during the period. Providence Capital Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth $26,000. FNY Investment Advisers LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth $28,000. Advocate Investing Services LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the first quarter valued at $28,000. Finally, EQ Wealth Advisors LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at $29,000.
JPMorgan Equity Premium Income ETF Stock Performance
NYSEARCA:JEPI opened at $57.43 on Monday. The business’s fifty day moving average is $56.33 and its 200 day moving average is $57.21. The firm has a market cap of $45.77 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week 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.
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