Financially in Tune LLC Makes New $7.09 Million Investment in JPMorgan Equity Premium Income ETF $JEPI

Financially in Tune LLC bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, Holdings Channel reports. The firm bought 123,954 shares of the company’s stock, valued at approximately $7,095,000. JPMorgan Equity Premium Income ETF accounts for about 6.6% of Financially in Tune LLC’s portfolio, making the stock its 4th largest holding.

A number of other institutional investors have also modified their holdings of the stock. Morgan Stanley increased its stake in JPMorgan Equity Premium Income ETF by 0.6% in the 4th quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock valued at $2,703,692,000 after buying an additional 261,872 shares during the period. Bank of America Corp DE lifted its stake in shares of JPMorgan Equity Premium Income ETF by 2.1% in the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after acquiring an additional 690,960 shares during the period. Raymond James Financial Inc. lifted its stake in shares of 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 acquiring an additional 825,889 shares during the period. Nationwide Fund Advisors boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 0.7% in the fourth quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock valued at $405,826,000 after acquiring an additional 51,190 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 7.2% in the fourth quarter. Cetera Investment Advisers now owns 5,530,763 shares of the company’s stock valued at $316,581,000 after acquiring an additional 370,330 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.2%

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.10 on Friday. The firm has a market cap of $44.45 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The company’s 50-day simple moving average is $56.51 and its 200-day simple moving average is $57.43.

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.