Collaborative Wealth Managment Inc. Has $2.53 Million Position in JPMorgan Equity Premium Income ETF $JEPI

Collaborative Wealth Managment Inc. grew its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 168.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,607 shares of the company’s stock after acquiring an additional 28,002 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 1.2% of Collaborative Wealth Managment Inc.’s holdings, making the stock its 18th biggest position. Collaborative Wealth Managment Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $2,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of JEPI. Rice Partnership LLC grew its holdings in JPMorgan Equity Premium Income ETF by 124.5% during the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after purchasing an additional 249 shares during the period. Providence Capital Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter worth $26,000. FNY Investment Advisers LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter worth $28,000. Advocate Investing Services LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the first quarter worth $28,000. Finally, EQ Wealth Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth $29,000.

JPMorgan Equity Premium Income ETF Stock Up 0.1%

Shares of JEPI stock opened at $56.62 on Thursday. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The firm has a fifty day moving average of $56.13 and a 200-day moving average of $57.29. The firm has a market capitalization of $45.07 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54.

About JPMorgan Equity Premium Income ETF

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.