Sax Wealth Advisors LLC increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 19.0% during the second quarter, HoldingsChannel.com reports. The firm owned 51,162 shares of the company’s stock after buying an additional 8,172 shares during the period. Sax Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,909,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in JEPI. Mather Group LLC. purchased a new stake in JPMorgan Equity Premium Income ETF during the 1st quarter worth about $25,000. Bartlett & CO. Wealth Management LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $25,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the 1st quarter worth about $29,000. Millstone Evans Group LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the 1st quarter worth about $29,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $32,000.
JPMorgan Equity Premium Income ETF Stock Performance
Shares of JEPI opened at $56.87 on Wednesday. The stock’s 50-day simple moving average is $56.75 and its 200 day simple moving average is $56.13. The stock has a market capitalization of $41.14 billion, a price-to-earnings ratio of 23.93 and a beta of 0.62. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $60.88.
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.
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