Decker Wealth Management LLC Takes $7.24 Million Position in JPMorgan Equity Premium Income ETF $JEPI

Decker Wealth Management LLC bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 127,740 shares of the company’s stock, valued at approximately $7,240,000. JPMorgan Equity Premium Income ETF makes up 1.6% of Decker Wealth Management LLC’s holdings, making the stock its 23rd biggest position.

A number of other institutional investors have also added to or reduced their stakes in JEPI. Rice Partnership LLC lifted its stake in JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after acquiring an additional 249 shares during the last quarter. Providence Capital Advisors LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth about $26,000. FNY Investment Advisers LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth about $28,000. Advocate Investing Services LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at about $28,000. Finally, EQ Wealth Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at about $29,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA:JEPI opened at $56.55 on Monday. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The company has a market capitalization of $45.07 billion, a P/E ratio of 23.93 and a beta of 0.54. The company has a 50-day simple moving average of $56.16 and a 200 day simple moving average of $57.27.

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.