First PREMIER Bank lifted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 39.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 61,156 shares of the company’s stock after acquiring an additional 17,199 shares during the quarter. First PREMIER Bank’s holdings in JPMorgan Equity Premium Income ETF were worth $3,454,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in JEPI. Wagner Wealth Management LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 7.5% during the fourth quarter. Wagner Wealth Management LLC now owns 449,273 shares of the company’s stock worth $25,716,000 after purchasing an additional 31,510 shares during the period. Brighton Jones LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 1,613.9% during the fourth quarter. Brighton Jones LLC now owns 127,528 shares of the company’s stock valued at $7,300,000 after purchasing an additional 120,087 shares during the last quarter. Nottingham Advisors Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 21.6% in the 1st quarter. Nottingham Advisors Inc. now owns 816,880 shares of the company’s stock valued at $46,301,000 after purchasing an additional 144,966 shares during the period. FSA Advisors Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $1,055,000. Finally, Janney Montgomery Scott LLC increased its stake in JPMorgan Equity Premium Income ETF by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,692,604 shares of the company’s stock worth $154,125,000 after purchasing an additional 36,106 shares in the last quarter.
JPMorgan Equity Premium Income ETF Trading Up 0.1%
NYSEARCA JEPI opened at $57.92 on Friday. The stock’s 50-day moving average price is $56.64 and its two-hundred day moving average price is $57.17. The company has a market cap of $46.20 billion, a PE ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year 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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