JPMorgan Equity Premium Income ETF $JEPI Shares Newly Acquired by Private Client Services LLC

Private Client Services LLC purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, HoldingsChannel reports. The firm purchased 65,708 shares of the company’s stock, valued at approximately $3,694,000. JPMorgan Equity Premium Income ETF accounts for approximately 1.0% of Private Client Services LLC’s investment portfolio, making the stock its 21st biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JEPI. NBH Bank acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at about $27,000. Advocate Investing Services LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the first quarter worth about $28,000. Monetary Solutions Ltd bought a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $30,000. Provenance Wealth Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the 1st quarter valued at $42,000. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the first quarter valued at about $51,000.

JPMorgan Equity Premium Income ETF Stock Up 0.3%

Shares of NYSEARCA JEPI traded up $0.17 during trading hours on Friday, hitting $56.09. The company had a trading volume of 2,806,481 shares, compared to its average volume of 5,160,022. The stock has a market capitalization of $45.17 billion, a P/E ratio of 23.93 and a beta of 0.53. The firm’s 50 day moving average is $57.16 and its 200-day moving average is $56.74. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90.

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.