Floyd Financial Group LLC Has $9.95 Million Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Floyd Financial Group LLC boosted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,328 shares of the company’s stock after buying an additional 9,105 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 6.8% of Floyd Financial Group LLC’s investment portfolio, making the stock its 3rd largest position. Floyd Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $9,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Rice Partnership LLC raised its stake in JPMorgan Equity Premium Income ETF by 124.5% during the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares in the last quarter. Providence Capital Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $26,000. FNY Investment Advisers LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $28,000. EQ Wealth Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $29,000. Finally, Monetary Solutions Ltd acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth about $30,000.

JPMorgan Equity Premium Income ETF Stock Up 0.2%

Shares of JEPI stock opened at $56.10 on Friday. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The company has a market capitalization of $44.45 billion, a P/E ratio of 23.93 and a beta of 0.54. The firm has a 50-day moving average price of $56.51 and a 200 day moving average price of $57.43.

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.