Legacy Edge Advisors LLC Acquires New Holdings in JPMorgan Equity Premium Income ETF $JEPI

Legacy Edge Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 259,111 shares of the company’s stock, valued at approximately $14,832,000. JPMorgan Equity Premium Income ETF makes up 1.6% of Legacy Edge Advisors LLC’s portfolio, making the stock its 19th biggest holding.

Several other institutional investors also recently bought and sold shares of the business. Independence Asset Advisors LLC grew its holdings in JPMorgan Equity Premium Income ETF by 35.3% in the fourth quarter. Independence Asset Advisors LLC now owns 16,780 shares of the company’s stock worth $968,000 after purchasing an additional 4,374 shares during the last quarter. LVZ Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 17.9% in the fourth quarter. LVZ Inc. now owns 9,910 shares of the company’s stock worth $567,000 after purchasing an additional 1,503 shares during the last quarter. Retirement Planning Group LLC NY grew its holdings in JPMorgan Equity Premium Income ETF by 16.8% in the fourth quarter. Retirement Planning Group LLC NY now owns 230,243 shares of the company’s stock worth $13,277,000 after purchasing an additional 33,160 shares during the last quarter. Mission Hills Financial Advisory LLC grew its holdings in JPMorgan Equity Premium Income ETF by 7.1% in the fourth quarter. Mission Hills Financial Advisory LLC now owns 6,510 shares of the company’s stock worth $373,000 after purchasing an additional 431 shares during the last quarter. Finally, EQ Wealth Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF in the fourth quarter worth $29,000.

JPMorgan Equity Premium Income ETF Trading Down 1.3%

NYSEARCA JEPI opened at $56.82 on Friday. The firm’s fifty day simple moving average is $57.58 and its two-hundred day simple moving average is $57.65. JPMorgan Equity Premium Income ETF has a 12-month low of $55.15 and a 12-month high of $59.90. The firm has a market capitalization of $45.02 billion, a P/E ratio of 23.93 and a beta of 0.56.

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.