JPMorgan Equity Premium Income ETF $JEPI Holdings Increased by MTM Financial Group LLC

MTM Financial Group LLC raised its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 12.5% in the 1st quarter, Holdings Channel reports. The firm owned 208,878 shares of the company’s stock after buying an additional 23,130 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 5.6% of MTM Financial Group LLC’s holdings, making the stock its 5th largest position. MTM Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $11,839,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in JEPI. Rice Partnership LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after purchasing an additional 249 shares during the period. Providence Capital Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at $26,000. FNY Investment Advisers LLC bought a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at $28,000. Advocate Investing Services LLC bought a new stake in JPMorgan Equity Premium Income ETF during the first quarter valued at $28,000. Finally, EQ Wealth Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth about $29,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $57.43 on Monday. The firm has a market capitalization of $45.77 billion, a P/E ratio of 23.93 and a beta of 0.54. The stock’s 50-day simple moving average is $56.33 and its two-hundred day simple moving average is $57.21. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90.

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.