Wealthfront Advisers LLC Purchases 63,131 Shares of JPMorgan Equity Premium Income ETF $JEPI

Wealthfront Advisers LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 30.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 267,421 shares of the company’s stock after purchasing an additional 63,131 shares during the quarter. Wealthfront Advisers LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $15,157,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JEPI. D.A. Davidson & CO. raised its position in shares of JPMorgan Equity Premium Income ETF by 8.1% in the first quarter. D.A. Davidson & CO. now owns 277,848 shares of the company’s stock valued at $15,748,000 after purchasing an additional 20,759 shares during the period. Midwest Professional Planners LTD. boosted its holdings in JPMorgan Equity Premium Income ETF by 11.9% in the 1st quarter. Midwest Professional Planners LTD. now owns 31,939 shares of the company’s stock worth $1,810,000 after buying an additional 3,397 shares during the period. IMC Chicago LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 1st quarter valued at approximately $5,518,000. Collaborative Wealth Managment Inc. grew its stake in JPMorgan Equity Premium Income ETF by 168.6% in the 1st quarter. Collaborative Wealth Managment Inc. now owns 44,607 shares of the company’s stock valued at $2,528,000 after buying an additional 28,002 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 13.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 247,324 shares of the company’s stock valued at $14,018,000 after acquiring an additional 29,019 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $56.98 on Friday. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The stock’s fifty day moving average price is $56.15 and its two-hundred day moving average price is $57.28. The company has a market cap of $45.36 billion, a P/E ratio of 23.93 and a beta of 0.54.

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.