Evermay Wealth Management LLC Has $4.35 Million Position in JPMorgan Equity Premium Income ETF $JEPI

Evermay Wealth Management LLC reduced its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,471 shares of the company’s stock after selling 13,263 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 0.5% of Evermay Wealth Management LLC’s investment portfolio, making the stock its 25th biggest position. Evermay Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JEPI. Hamilton Capital LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at $72,373,000. Tcfg Wealth Management LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 3,843.5% in the third quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock valued at $47,498,000 after purchasing an additional 810,739 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% in 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 during the last quarter. Raymond James Financial Inc. grew its stake in shares of JPMorgan Equity Premium Income ETF by 9.9% in the second quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after acquiring an additional 636,586 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of JPMorgan Equity Premium Income ETF by 40.2% in the third quarter. Jones Financial Companies Lllp now owns 2,027,327 shares of the company’s stock valued at $115,436,000 after acquiring an additional 581,218 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $57.61 on Thursday. The company’s 50-day simple moving average is $58.03 and its 200 day simple moving average is $57.57. JPMorgan Equity Premium Income ETF has a 52 week low of $50.54 and a 52 week high of $59.90. The company has a market capitalization of $44.66 billion, a PE ratio of 23.93 and a beta of 0.59.

About JPMorgan Equity Premium Income ETF

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.