Northeast Financial Group Inc. trimmed its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 16.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 150,184 shares of the company’s stock after selling 30,161 shares during the quarter. JPMorgan Equity Premium Income ETF comprises 2.1% of Northeast Financial Group Inc.’s investment portfolio, making the stock its 16th biggest position. Northeast Financial Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $8,514,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in JEPI. Gateway Wealth Partners LLC boosted its position in JPMorgan Equity Premium Income ETF by 116.1% in the 1st quarter. Gateway Wealth Partners LLC now owns 8,206 shares of the company’s stock valued at $465,000 after buying an additional 4,409 shares during the period. Wealth Watch Advisors INC raised its stake in shares of JPMorgan Equity Premium Income ETF by 37.4% in the first quarter. Wealth Watch Advisors INC now owns 19,041 shares of the company’s stock valued at $1,079,000 after acquiring an additional 5,187 shares in the last quarter. Blue Chip Partners LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 45.5% in the first quarter. Blue Chip Partners LLC now owns 19,371 shares of the company’s stock valued at $1,098,000 after acquiring an additional 6,058 shares in the last quarter. Everest Financial Group LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 19.5% in the first quarter. Everest Financial Group LLC now owns 268,497 shares of the company’s stock valued at $15,218,000 after purchasing an additional 43,725 shares during the period. Finally, Waverly Advisors LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 54.6% in the first quarter. Waverly Advisors LLC now owns 544,854 shares of the company’s stock valued at $30,882,000 after purchasing an additional 192,355 shares during the period.
JPMorgan Equity Premium Income ETF Price Performance
JEPI opened at $56.80 on Monday. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The stock has a market capitalization of $45.36 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. The business has a fifty day moving average price of $56.22 and a 200 day moving average price of $57.24.
JPMorgan Equity Premium Income ETF Company 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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