Avantax Planning Partners Inc. Has $22.41 Million Position in JPMorgan Equity Premium Income ETF $JEPI

Avantax Planning Partners Inc. raised its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.5% in the 1st quarter, Holdings Channel reports. The firm owned 395,348 shares of the company’s stock after buying an additional 9,785 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 0.6% of Avantax Planning Partners Inc.’s investment portfolio, making the stock its 27th biggest holding. Avantax Planning Partners Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $22,408,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Equitable Holdings Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 3,477.6% in the 4th quarter. Equitable Holdings Inc. now owns 1,853,767 shares of the company’s stock valued at $106,110,000 after buying an additional 1,801,951 shares during the period. Tableaux LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 1,462.3% during the fourth quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock worth $86,084,000 after acquiring an additional 1,407,660 shares in the last quarter. Raymond James Financial Inc. grew its stake in JPMorgan Equity Premium Income ETF by 11.4% in the fourth quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock valued at $463,602,000 after acquiring an additional 825,889 shares during the period. Tcfg Wealth Management LLC grew its stake in JPMorgan Equity Premium Income ETF by 3,843.5% in the third quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock valued at $47,498,000 after acquiring an additional 810,739 shares during the period. Finally, SHP Wealth Management bought a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth about $42,882,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.76 on Tuesday. The company has a market capitalization of $45.17 billion, a P/E ratio of 23.93 and a beta of 0.54. The business has a 50-day moving average of $56.13 and a two-hundred day moving average of $57.31. 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.