D Orazio & Associates Inc. Acquires New Stake in JPMorgan Equity Premium Income ETF $JEPI

D Orazio & Associates Inc. bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 22,386 shares of the company’s stock, valued at approximately $1,259,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock valued at $638,942,000 after purchasing an additional 146,792 shares during the last quarter. Royal Bank of Canada raised its holdings in JPMorgan Equity Premium Income ETF by 5.7% during the 1st 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. Cetera Investment Advisers lifted its position in JPMorgan Equity Premium Income ETF by 10.0% in the first quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after buying an additional 553,011 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in JPMorgan Equity Premium Income ETF in the third quarter worth $197,781,000. Finally, Kestra Advisory Services LLC boosted its stake in JPMorgan Equity Premium Income ETF by 0.6% during the third quarter. Kestra Advisory Services LLC now owns 2,048,222 shares of the company’s stock worth $115,151,000 after buying an additional 11,573 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.1%

NYSEARCA JEPI opened at $57.66 on Wednesday. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90. The firm has a market capitalization of $46.24 billion, a price-to-earnings ratio of 23.93 and a beta of 0.52. The company has a fifty day moving average of $56.85 and a two-hundred day moving average of $57.15.

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.