JPMorgan Equity Premium Income ETF $JEPI is FAS Wealth Partners Inc.’s 2nd Largest Position

FAS Wealth Partners Inc. lowered its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,530,376 shares of the company’s stock after selling 22,469 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 5.4% of FAS Wealth Partners Inc.’s portfolio, making the stock its 2nd biggest position. FAS Wealth Partners Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $86,742,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Morgan Stanley raised its position in JPMorgan Equity Premium Income ETF by 0.6% during the 4th quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock valued at $2,703,692,000 after purchasing an additional 261,872 shares in the last quarter. Bank of America Corp DE grew its position in shares of JPMorgan Equity Premium Income ETF by 2.1% during 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 buying an additional 690,960 shares in the last quarter. Royal Bank of Canada increased its stake 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 valued at $474,201,000 after buying an additional 449,485 shares during the period. Raymond James Financial Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 11.4% during the fourth quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock valued at $463,602,000 after buying an additional 825,889 shares during the period. Finally, Nationwide Fund Advisors raised 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.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $57.43 on Monday. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90. The business has a 50-day moving average price of $56.33 and a 200 day moving average price of $57.21. The company has a market capitalization of $45.77 billion, a P/E ratio of 23.93 and a beta of 0.54.

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.