Orrstown Financial Services Inc. boosted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 2.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 443,484 shares of the company’s stock after purchasing an additional 10,495 shares during the quarter. JPMorgan Equity Premium Income ETF makes up 3.7% of Orrstown Financial Services Inc.’s portfolio, making the stock its 7th biggest holding. Orrstown Financial Services Inc. owned approximately 0.06% of JPMorgan Equity Premium Income ETF worth $25,048,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Rice Partnership LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 124.5% in the fourth 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 last quarter. Providence Capital Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $26,000. Advocate Investing Services LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 1st quarter valued at about $28,000. EQ Wealth Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $29,000. Finally, Monetary Solutions Ltd acquired a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter valued at $30,000.
JPMorgan Equity Premium Income ETF Price Performance
Shares of JEPI stock opened at $57.64 on Tuesday. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The company’s fifty day moving average price is $56.50 and its two-hundred day moving average price is $57.18. The firm has a market capitalization of $45.97 billion, a P/E ratio of 23.93 and a beta of 0.53.
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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