Elmwood Wealth Management Inc. Increases Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Elmwood Wealth Management Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 295.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,339 shares of the company’s stock after buying an additional 10,714 shares during the period. Elmwood Wealth Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $810,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JEPI. Capital Investment Advisory Services LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 32.7% in the 4th quarter. Capital Investment Advisory Services LLC now owns 225,716 shares of the company’s stock worth $12,920,000 after buying an additional 55,610 shares during the last quarter. Decker Retirement Planning Inc. raised its stake in JPMorgan Equity Premium Income ETF by 231.2% during the fourth quarter. Decker Retirement Planning Inc. now owns 83,279 shares of the company’s stock valued at $4,767,000 after buying an additional 58,137 shares during the last quarter. Wagner Wealth Management LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 7.5% in the fourth quarter. Wagner Wealth Management LLC now owns 449,273 shares of the company’s stock worth $25,716,000 after acquiring an additional 31,510 shares in the last quarter. BIP Wealth LLC bought a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter worth $1,874,000. Finally, Brighton Jones LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 1,613.9% in the fourth quarter. Brighton Jones LLC now owns 127,528 shares of the company’s stock worth $7,300,000 after acquiring an additional 120,087 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.1%

NYSEARCA JEPI opened at $57.59 on Friday. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The stock’s fifty day moving average price is $56.42 and its 200-day moving average price is $57.19. The stock has a market cap of $45.93 billion, a P/E ratio of 23.93 and a beta of 0.53.

JPMorgan Equity Premium Income ETF 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.