Apollon Wealth Management LLC Has $42.53 Million Holdings in JPMorgan Equity Premium Income ETF $JEPI

Apollon Wealth Management LLC trimmed its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 743,087 shares of the company’s stock after selling 40,026 shares during the period. JPMorgan Equity Premium Income ETF comprises about 0.7% of Apollon Wealth Management LLC’s portfolio, making the stock its 25th largest position. Apollon Wealth Management LLC owned about 0.10% of JPMorgan Equity Premium Income ETF worth $42,534,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Hamilton Capital LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $72,373,000. Tcfg Wealth Management LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 3,843.5% during the 3rd quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after acquiring an additional 810,739 shares in the last quarter. Bank of America Corp DE raised 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. raised its holdings 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 purchasing an additional 636,586 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position 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 worth $115,436,000 after purchasing an additional 581,218 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.4%

Shares of JEPI opened at $57.54 on Friday. JPMorgan Equity Premium Income ETF has a 12 month low of $52.16 and a 12 month high of $59.90. The firm has a fifty day simple moving average of $57.99 and a 200 day simple moving average of $57.57. The stock has a market capitalization of $44.86 billion, a price-to-earnings ratio of 23.93 and a beta of 0.58.

JPMorgan Equity Premium Income ETF Company 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.