Aureum Wealth Management LLC Buys New Shares in JPMorgan Equity Premium Income ETF $JEPI

Aureum Wealth Management LLC purchased a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 83,570 shares of the company’s stock, valued at approximately $4,784,000. JPMorgan Equity Premium Income ETF comprises approximately 4.4% of Aureum Wealth Management LLC’s holdings, making the stock its 6th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of JEPI. Crewe Advisors LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 32.9% in the fourth quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock valued at $2,198,000 after acquiring an additional 9,514 shares during the last quarter. Scott Capital Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF by 124.4% during the third 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 during the last quarter. Clearstead Trust LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 307.8% in the 3rd quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock worth $4,539,000 after purchasing an additional 59,999 shares during the period. Cascade Wealth Advisors Inc lifted its stake in shares of JPMorgan Equity Premium Income ETF by 5.9% in the 3rd quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock valued at $15,237,000 after purchasing an additional 14,899 shares in the last quarter. Finally, BG Investment Services Inc. grew its holdings 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 purchasing an additional 22,670 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $57.30 on Thursday. JPMorgan Equity Premium Income ETF has a 1 year low of $54.08 and a 1 year high of $59.90. The firm has a 50 day moving average price of $57.82 and a 200 day moving average price of $57.62. The company has a market cap of $44.96 billion, a PE ratio of 23.93 and a beta of 0.58.

JPMorgan Equity Premium Income ETF 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.