AE Wealth Management LLC Purchases 65,319 Shares of JPMorgan Equity Premium Income ETF $JEPI

AE Wealth Management LLC lifted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 36.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,732 shares of the company’s stock after purchasing an additional 65,319 shares during the quarter. AE Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $13,951,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JEPI. Crewe Advisors LLC boosted its position in JPMorgan Equity Premium Income ETF by 32.9% during the 4th quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock worth $2,198,000 after acquiring an additional 9,514 shares during the last quarter. Scott Capital Advisors LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 124.4% during the 3rd quarter. Scott Capital Advisors LLC now owns 123,643 shares of the company’s stock worth $7,037,000 after acquiring an additional 68,548 shares in the last quarter. Clearstead Trust LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 307.8% during the 3rd quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock worth $4,539,000 after acquiring an additional 59,999 shares in the last quarter. BG Investment Services Inc. grew its stake in shares of JPMorgan Equity Premium Income ETF by 49.1% during the 3rd quarter. BG Investment Services Inc. now owns 68,887 shares of the company’s stock worth $3,933,000 after acquiring an additional 22,670 shares in the last quarter. Finally, Cascade Wealth Advisors Inc grew its stake in shares of JPMorgan Equity Premium Income ETF by 5.9% during the 3rd quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock worth $15,237,000 after acquiring an additional 14,899 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.3%

Shares of JEPI opened at $57.79 on Friday. The stock has a market capitalization of $45.15 billion, a P/E ratio of 23.93 and a beta of 0.58. JPMorgan Equity Premium Income ETF has a twelve month low of $52.16 and a twelve month high of $59.90. The company has a 50 day moving average of $57.92 and a 200-day moving average of $57.60.

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.