Elevation Point Wealth Partners LLC Acquires 401,307 Shares of JPMorgan Equity Premium Income ETF $JEPI

Elevation Point Wealth Partners LLC grew its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1,191.6% during the first quarter, HoldingsChannel.com reports. The firm owned 434,984 shares of the company’s stock after buying an additional 401,307 shares during the period. Elevation Point Wealth Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $24,655,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Walled Lake Planning & Wealth Management LLC increased its holdings in JPMorgan Equity Premium Income ETF by 2.7% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 6,449 shares of the company’s stock valued at $369,000 after purchasing an additional 171 shares during the last quarter. Wealth Effects LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 0.6% during the fourth quarter. Wealth Effects LLC now owns 31,606 shares of the company’s stock worth $1,809,000 after buying an additional 173 shares during the last quarter. WESPAC Advisors SoCal LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 4.3% in the 4th quarter. WESPAC Advisors SoCal LLC now owns 4,178 shares of the company’s stock valued at $239,000 after acquiring an additional 174 shares during the period. Aspen Wealth Strategies LLC boosted its stake in JPMorgan Equity Premium Income ETF by 4.5% during the 4th quarter. Aspen Wealth Strategies LLC now owns 4,044 shares of the company’s stock worth $231,000 after acquiring an additional 174 shares during the last quarter. Finally, Morey & Quinn Wealth Partners LLC grew its holdings in JPMorgan Equity Premium Income ETF by 4.9% during the fourth quarter. Morey & Quinn Wealth Partners LLC now owns 3,722 shares of the company’s stock valued at $213,000 after purchasing an additional 175 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $56.71 on Friday. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The stock has a market cap of $44.90 billion, a P/E ratio of 23.93 and a beta of 0.54. The firm has a 50 day moving average price of $56.21 and a 200 day moving average price of $57.35.

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.