Traynor Capital Management Inc. Buys 140,717 Shares of JPMorgan Equity Premium Income ETF $JEPI

Traynor Capital Management Inc. increased its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 21.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 800,395 shares of the company’s stock after buying an additional 140,717 shares during the period. JPMorgan Equity Premium Income ETF makes up about 2.6% of Traynor Capital Management Inc.’s portfolio, making the stock its 7th largest holding. Traynor Capital Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $45,703,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $25,000. GHP Investment Advisors Inc. acquired a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $25,000. Clarity Asset Management Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $25,000. Pin Oak Investment Advisors Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 73.6% during the second quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock valued at $28,000 after acquiring an additional 212 shares during the period. Finally, Asset Dedication LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $28,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $58.42 on Thursday. The stock has a market cap of $42.80 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $59.73. The stock’s 50 day moving average price is $57.73 and its 200 day moving average price is $57.13.

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.