Turn8 Private Wealth Inc. Has $8.24 Million Position in JPMorgan Equity Premium Income ETF $JEPI

Turn8 Private Wealth Inc. grew its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 22.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,448 shares of the company’s stock after purchasing an additional 26,285 shares during the period. JPMorgan Equity Premium Income ETF makes up 5.2% of Turn8 Private Wealth Inc.’s portfolio, making the stock its biggest holding. Turn8 Private Wealth Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $8,244,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Rice Partnership LLC boosted 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 valued at $26,000 after buying an additional 249 shares during the period. Providence Capital Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth about $26,000. FNY Investment Advisers LLC bought a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth about $28,000. Advocate Investing Services LLC purchased 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 purchased 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 JEPI opened at $56.71 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 cap of $44.90 billion, a PE ratio of 23.93 and a beta of 0.54. The stock has a 50-day moving average price of $56.20 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.