Talon Private Wealth LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 1,735.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 97,586 shares of the company’s stock after acquiring an additional 92,269 shares during the period. Talon Private Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $5,512,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Bouchey Financial Group Ltd. increased its stake in shares of JPMorgan Equity Premium Income ETF by 4.1% in the second quarter. Bouchey Financial Group Ltd. now owns 551,039 shares of the company’s stock worth $31,123,000 after buying an additional 21,656 shares during the last quarter. Miramontes Capital LLC boosted its stake in JPMorgan Equity Premium Income ETF by 5.3% during the 2nd quarter. Miramontes Capital LLC now owns 40,380 shares of the company’s stock valued at $2,281,000 after acquiring an additional 2,031 shares during the last quarter. Capstone Financial Advisors Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 1.6% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 14,739 shares of the company’s stock worth $832,000 after acquiring an additional 238 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 31,720 shares of the company’s stock worth $1,792,000 after acquiring an additional 409 shares in the last quarter. Finally, Van Hulzen Asset Management LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 20.1% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 54,220 shares of the company’s stock worth $3,062,000 after purchasing an additional 9,074 shares during the last quarter.
JPMorgan Equity Premium Income ETF Stock Up 0.7%
Shares of JEPI traded up $0.39 during midday trading on Friday, hitting $56.65. The company had a trading volume of 3,589,580 shares, compared to its average volume of 5,273,699. The stock has a market cap of $45.18 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The company’s 50 day moving average price is $57.24 and its 200 day moving average price is $56.98. 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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