Geneos Wealth Management Inc. Purchases 29,019 Shares of JPMorgan Equity Premium Income ETF $JEPI

Geneos Wealth Management Inc. raised its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 13.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 247,324 shares of the company’s stock after acquiring an additional 29,019 shares during the period. Geneos Wealth Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $14,018,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rice Partnership LLC grew its position in JPMorgan Equity Premium Income ETF by 124.5% during the 4th quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares during the last quarter. Providence Capital Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter valued at $26,000. FNY Investment Advisers LLC bought a new position in JPMorgan Equity Premium Income ETF in the 4th quarter valued at $28,000. Advocate Investing Services LLC bought a new position in JPMorgan Equity Premium Income ETF in the 1st quarter valued at $28,000. Finally, EQ Wealth Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF in the fourth quarter worth $29,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $56.62 on Thursday. The stock’s fifty day moving average is $56.13 and its 200-day moving average is $57.29. The stock has a market capitalization of $45.07 billion, a PE ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week 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.