Edge Financial Advisors LLC Increases Stake in JPMorgan Equity Premium Income ETF $JEPI

Edge Financial Advisors LLC raised its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 130.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 29,109 shares of the company’s stock after purchasing an additional 16,502 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 0.7% of Edge Financial Advisors LLC’s portfolio, making the stock its 25th biggest holding. Edge Financial Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,666,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth $28,000. BTG Pactual Asset Management US LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth $31,000. Logan Capital Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth $33,000. VSM Wealth Advisory LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 84.1% in the 3rd quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after acquiring an additional 269 shares during the last quarter. Finally, BankPlus Trust Department acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth $34,000.

JPMorgan Equity Premium Income ETF Stock Down 0.5%

Shares of JEPI opened at $57.50 on Wednesday. JPMorgan Equity Premium Income ETF has a 52-week low of $53.13 and a 52-week high of $59.90. The company has a market capitalization of $44.97 billion, a PE ratio of 23.93 and a beta of 0.58. The stock has a fifty day simple moving average of $57.86 and a two-hundred day simple moving average of $57.62.

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.