Parallel Advisors LLC Boosts Stake in JPMorgan Equity Premium Income ETF $JEPI

Parallel Advisors LLC increased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 16.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 67,590 shares of the company’s stock after buying an additional 9,407 shares during the quarter. Parallel Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,831,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of JEPI. Equitable Holdings Inc. raised its position in JPMorgan Equity Premium Income ETF by 3,477.6% in the 4th quarter. Equitable Holdings Inc. now owns 1,853,767 shares of the company’s stock valued at $106,110,000 after purchasing an additional 1,801,951 shares during the last quarter. Tableaux LLC grew its position in JPMorgan Equity Premium Income ETF by 1,462.3% during the 4th quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock worth $86,084,000 after purchasing an additional 1,407,660 shares during the last quarter. Raymond James Financial Inc. increased its stake in JPMorgan Equity Premium Income ETF by 11.4% in the fourth quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock valued at $463,602,000 after purchasing an additional 825,889 shares during the period. SHP Wealth Management acquired a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $42,882,000. Finally, RiverFront Investment Group LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 24.0% in the fourth quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock valued at $217,778,000 after buying an additional 737,043 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $56.39 on Tuesday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The company has a market capitalization of $44.99 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. The firm has a 50-day simple moving average of $56.17 and a 200-day simple moving average of $57.26.

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.