Parallel Advisors LLC Purchases 319,260 Shares of JPMorgan Equity Premium Income ETF $JEPI

Parallel Advisors LLC lifted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 470.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 387,123 shares of the company’s stock after purchasing an additional 319,260 shares during the period. Parallel Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $21,764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. NBH Bank acquired a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at $27,000. Financial Management Professionals Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $30,000. Olistico Wealth LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $35,000. William Mack & Associates Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $37,000. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth about $51,000.

JPMorgan Equity Premium Income ETF Trading Up 0.1%

JEPI stock traded up $0.04 during trading on Friday, hitting $56.43. 14,279,017 shares of the company’s stock were exchanged, compared to its average volume of 5,150,142. The business has a 50-day moving average price of $56.85 and a two-hundred day moving average price of $57.15. The stock has a market capitalization of $45.32 billion, a price-to-earnings ratio of 23.93 and a beta of 0.52. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90.

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.