Orrstown Financial Services Inc. Has $25.05 Million Holdings in JPMorgan Equity Premium Income ETF $JEPI

Orrstown Financial Services Inc. boosted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.4% in the second quarter, HoldingsChannel.com reports. The firm owned 443,484 shares of the company’s stock after acquiring an additional 10,495 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 3.7% of Orrstown Financial Services Inc.’s investment portfolio, making the stock its 7th biggest holding. Orrstown Financial Services Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $25,048,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Equitable Holdings Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 3,477.6% during the 4th quarter. Equitable Holdings Inc. now owns 1,853,767 shares of the company’s stock worth $106,110,000 after purchasing an additional 1,801,951 shares during the period. Tableaux LLC raised its stake 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 valued at $86,084,000 after acquiring an additional 1,407,660 shares in the last quarter. Raymond James Financial Inc. lifted its holdings 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 worth $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 during the 4th quarter valued at about $42,882,000. Finally, RiverFront Investment Group LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 24.0% during the fourth quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock valued at $217,778,000 after acquiring an additional 737,043 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $57.64 on Tuesday. The stock has a fifty day moving average price of $56.50 and a two-hundred day moving average price of $57.18. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The firm has a market cap of $45.97 billion, a P/E ratio of 23.93 and a beta of 0.53.

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.