Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 411,924 shares of the company’s stock after buying an additional 29,972 shares during the period. JPMorgan Equity Premium Income ETF accounts for 1.6% of Pinnacle Wealth Management Advisory Group LLC’s portfolio, making the stock its 14th biggest position. Pinnacle Wealth Management Advisory Group LLC owned approximately 0.05% of JPMorgan Equity Premium Income ETF worth $23,348,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in JEPI. Equitable Holdings Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 3,477.6% in the fourth quarter. Equitable Holdings Inc. now owns 1,853,767 shares of the company’s stock valued at $106,110,000 after acquiring an additional 1,801,951 shares in the last quarter. Tableaux LLC raised its holdings in JPMorgan Equity Premium Income ETF by 1,462.3% in the 4th quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock worth $86,084,000 after purchasing an additional 1,407,660 shares in the last quarter. Raymond James Financial Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 11.4% in the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after purchasing an additional 825,889 shares in the last quarter. Tcfg Wealth Management LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 3,843.5% in the 3rd quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after purchasing an additional 810,739 shares during the period. Finally, SHP Wealth Management bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $42,882,000.
JPMorgan Equity Premium Income ETF Price Performance
Shares of NYSEARCA JEPI opened at $56.16 on Friday. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The company’s 50-day moving average is $56.31 and its 200 day moving average is $57.38. The stock has a market capitalization of $44.50 billion, a P/E ratio of 23.93 and a beta of 0.54.
About JPMorgan Equity Premium Income ETF
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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