Everest Financial Group LLC Grows Stake in JPMorgan Equity Premium Income ETF $JEPI

Everest Financial Group LLC increased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 19.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 268,497 shares of the company’s stock after purchasing an additional 43,725 shares during the period. JPMorgan Equity Premium Income ETF comprises 2.5% of Everest Financial Group LLC’s investment portfolio, making the stock its 10th largest position. Everest Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $15,218,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $402,000. AQR Capital Management LLC boosted its stake in JPMorgan Equity Premium Income ETF by 28.1% during the first quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after acquiring an additional 18,619 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the first quarter worth about $847,000. Schnieders Capital Management LLC. purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth about $3,093,000. Finally, First Trust Advisors LP bought a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $529,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $56.80 on Friday. The company has a 50 day simple moving average of $56.22 and a two-hundred day simple moving average of $57.24. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The company has a market capitalization of $45.36 billion, a price-to-earnings 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.