Saxony Capital Management LLC Has $3.63 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

Saxony Capital Management LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 63,817 shares of the company’s stock after buying an additional 9,853 shares during the period. JPMorgan Equity Premium Income ETF accounts for about 2.8% of Saxony Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. Saxony Capital Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mattern Wealth Management LLC increased its position in JPMorgan Equity Premium Income ETF by 1.8% in the 2nd quarter. Mattern Wealth Management LLC now owns 10,082 shares of the company’s stock valued at $573,000 after buying an additional 178 shares in the last quarter. Highline Wealth Partners LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 13.5% during the second quarter. Highline Wealth Partners LLC now owns 1,518 shares of the company’s stock worth $86,000 after acquiring an additional 180 shares in the last quarter. Solutions 4 Wealth Ltd increased its position in shares of JPMorgan Equity Premium Income ETF by 1.2% during the first quarter. Solutions 4 Wealth Ltd now owns 15,441 shares of the company’s stock worth $882,000 after acquiring an additional 183 shares in the last quarter. SimpliFi Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 2.6% during the second quarter. SimpliFi Inc. now owns 7,345 shares of the company’s stock worth $418,000 after acquiring an additional 186 shares in the last quarter. Finally, Summit Wealth & Retirement Planning Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 4.0% during the 1st quarter. Summit Wealth & Retirement Planning Inc. now owns 4,900 shares of the company’s stock worth $280,000 after purchasing an additional 190 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $56.88 on Friday. The stock has a 50 day moving average price of $56.94 and a two-hundred day moving average price of $56.37. The firm has a market capitalization of $40.72 billion, a P/E ratio of 23.93 and a beta of 0.60. 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.