Foguth Wealth Management LLC. Grows Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Foguth Wealth Management LLC. lifted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 366.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 919,518 shares of the company’s stock after buying an additional 722,490 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 6.4% of Foguth Wealth Management LLC.’s holdings, making the stock its 2nd largest holding. Foguth Wealth Management LLC.’s holdings in JPMorgan Equity Premium Income ETF were worth $51,530,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Cozad Asset Management Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 19.8% in the first quarter. Cozad Asset Management Inc. now owns 22,605 shares of the company’s stock valued at $1,281,000 after buying an additional 3,732 shares in the last quarter. Maripau Wealth Management LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 12.1% during the first quarter. Maripau Wealth Management LLC now owns 10,315 shares of the company’s stock worth $585,000 after acquiring an additional 1,117 shares in the last quarter. Allen Capital Group LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 2.8% during the first quarter. Allen Capital Group LLC now owns 244,812 shares of the company’s stock worth $13,876,000 after acquiring an additional 6,639 shares in the last quarter. Capasso Planning Partners LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 145.1% during the first quarter. Capasso Planning Partners LLC now owns 20,753 shares of the company’s stock worth $1,176,000 after acquiring an additional 12,287 shares during the period. Finally, Summit Financial Wealth Advisors LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 15.9% during the first quarter. Summit Financial Wealth Advisors LLC now owns 126,523 shares of the company’s stock worth $7,171,000 after acquiring an additional 17,393 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 0.3%

JEPI opened at $57.43 on Friday. The stock has a market capitalization of $45.77 billion, a P/E ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The firm’s fifty day simple moving average is $56.33 and its 200 day simple moving average is $57.22.

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.