JPMorgan Equity Premium Income ETF $JEPI Stake Raised by HB Wealth Management LLC

HB Wealth Management LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 21.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,619 shares of the company’s stock after buying an additional 9,007 shares during the period. HB Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,890,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in JEPI. Kingstone Capital Partners Texas LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 387,324.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock worth $22,736,908,000 after purchasing an additional 401,771,477 shares in the last quarter. Bank of America Corp DE raised its stake in shares of JPMorgan Equity Premium Income ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after purchasing an additional 690,960 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 17.4% in the second quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock worth $508,201,000 after purchasing an additional 1,327,996 shares during the period. Raymond James Financial Inc. grew its position in JPMorgan Equity Premium Income ETF by 9.9% in the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after buying an additional 636,586 shares in the last quarter. Finally, Nationwide Fund Advisors acquired a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $396,998,000.

JPMorgan Equity Premium Income ETF Trading Up 0.4%

JEPI stock opened at $58.25 on Friday. The firm’s 50-day moving average is $57.27 and its two-hundred day moving average is $56.98. The company has a market capitalization of $42.34 billion, a price-to-earnings 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 $59.73.

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.