Benchmark Financial LLC Takes $3.62 Million Position in JPMorgan Equity Premium Income ETF $JEPI

Benchmark Financial LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 63,230 shares of the company’s stock, valued at approximately $3,619,000. JPMorgan Equity Premium Income ETF comprises approximately 3.6% of Benchmark Financial LLC’s portfolio, making the stock its 10th biggest position.

A number of other hedge funds also recently bought and sold shares of JEPI. Tcfg Wealth Management LLC lifted its position in JPMorgan Equity Premium Income ETF by 3,843.5% in the 3rd quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after buying an additional 810,739 shares during the last quarter. Bank of America Corp DE lifted its position in 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% during 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. Jones Financial Companies Lllp raised its holdings in shares of JPMorgan Equity Premium Income ETF by 40.2% during 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. Finally, Envestnet Asset Management Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 5.5% during the third quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock valued at $538,622,000 after acquiring an additional 493,639 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $57.79 on Monday. The company has a market cap of $45.20 billion, a PE ratio of 23.93 and a beta of 0.58. The business has a 50 day moving average of $57.92 and a 200 day moving average of $57.61. JPMorgan Equity Premium Income ETF has a 52 week low of $52.16 and a 52 week high of $59.90.

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.