Fortress Financial Solutions LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 62,048 shares of the company’s stock, valued at approximately $3,488,000. JPMorgan Equity Premium Income ETF makes up 3.0% of Fortress Financial Solutions LLC’s holdings, making the stock its 12th biggest holding.
Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 1.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock valued at $638,942,000 after buying an additional 146,792 shares during the period. Royal Bank of Canada raised its position in shares of JPMorgan Equity Premium Income ETF by 5.7% during the first quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after acquiring an additional 449,485 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of JPMorgan Equity Premium Income ETF by 10.0% during the first quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after acquiring an additional 553,011 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 4.0% during the first quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock valued at $158,720,000 after acquiring an additional 107,684 shares during the period. Finally, Cornerstone Advisory LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 3.5% during the first quarter. Cornerstone Advisory LLC now owns 2,030,560 shares of the company’s stock valued at $115,092,000 after acquiring an additional 68,589 shares during the period.
JPMorgan Equity Premium Income ETF Stock Performance
JPMorgan Equity Premium Income ETF stock traded down $0.06 during trading hours on Wednesday, reaching $56.87. 4,548,780 shares of the company’s stock traded hands, compared to its average volume of 5,138,566. The firm has a market capitalization of $45.68 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The firm’s 50 day moving average is $57.06 and its 200-day moving average is $56.72.
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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