Founders Financial Securities LLC Has $2.37 Million Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Founders Financial Securities LLC lessened its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 30.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,930 shares of the company’s stock after selling 17,807 shares during the quarter. Founders Financial Securities LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,366,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JEPI. Uhlmann Price Securities LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth approximately $202,000. Nations Financial Group Inc. IA ADV raised its position in shares of JPMorgan Equity Premium Income ETF by 18.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 65,365 shares of the company’s stock valued at $3,705,000 after buying an additional 10,260 shares in the last quarter. WESPAC Advisors SoCal LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 36.4% in the first quarter. WESPAC Advisors SoCal LLC now owns 5,698 shares of the company’s stock valued at $323,000 after buying an additional 1,520 shares in the last quarter. Aspen Investment Management Inc boosted its stake in shares of JPMorgan Equity Premium Income ETF by 18.4% in the first quarter. Aspen Investment Management Inc now owns 30,432 shares of the company’s stock valued at $1,725,000 after buying an additional 4,725 shares during the period. Finally, John A. Wolfe & Associates Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $11,135,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $56.10 on Friday. The business’s 50 day simple moving average is $56.48 and its 200 day simple moving average is $57.42. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The company has a market capitalization of $44.45 billion, a P/E ratio of 23.93 and a beta of 0.54.

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.