Asset Allocation Strategies LLC Has $4.90 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

Asset Allocation Strategies LLC raised its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 143.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,738 shares of the company’s stock after purchasing an additional 50,531 shares during the period. Asset Allocation Strategies LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,896,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mattern Wealth Management LLC raised its stake in JPMorgan Equity Premium Income ETF by 1.8% during the second quarter. Mattern Wealth Management LLC now owns 10,082 shares of the company’s stock worth $573,000 after buying an additional 178 shares during the last quarter. Highline Wealth Partners LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 13.5% in the 2nd 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. First Horizon Advisors Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 9.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,221 shares of the company’s stock valued at $126,000 after purchasing an additional 183 shares during the period. SimpliFi Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 2.6% during the 2nd quarter. SimpliFi Inc. now owns 7,345 shares of the company’s stock valued at $418,000 after purchasing an additional 186 shares in the last quarter. Finally, Blue Chip Partners LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 1.2% during the 2nd quarter. Blue Chip Partners LLC now owns 16,355 shares of the company’s stock valued at $930,000 after purchasing an additional 192 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $57.24 on Thursday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $59.73. The stock has a 50 day simple moving average of $57.02 and a two-hundred day simple moving average of $56.78. The company has a market cap of $40.97 billion, a P/E ratio of 23.93 and a beta of 0.60.

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.