Wealth Enhancement Trust Services Inc. boosted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 2,787.7% during the third quarter, Holdings Channel.com reports. The fund owned 113,139 shares of the company’s stock after purchasing an additional 109,221 shares during the quarter. Wealth Enhancement Trust Services Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $6,361,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Private Trust Co. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth about $2,602,000. Private Client Services LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $3,694,000. Janney Montgomery Scott LLC increased its position in JPMorgan Equity Premium Income ETF by 1.4% during 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. Nottingham Advisors Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 21.6% in the first quarter. Nottingham Advisors Inc. now owns 816,880 shares of the company’s stock valued at $46,301,000 after buying an additional 144,966 shares during the period. Finally, Compass Financial Management LLC purchased a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $854,000.
JPMorgan Equity Premium Income ETF Trading Down 0.2%
JEPI traded down $0.09 during trading on Wednesday, hitting $56.45. 4,273,161 shares of the company’s stock were exchanged, compared to its average volume of 5,172,643. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The stock has a 50 day moving average price of $57.11 and a 200 day moving average price of $56.72. The firm has a market cap of $45.55 billion, a P/E ratio of 23.93 and a beta of 0.53.
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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Want to see what other hedge funds are holding JEPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report).
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