Westbourne Investment Advisors Inc. Purchases New Position in JPMorgan Equity Premium Income ETF $JEPI

Westbourne Investment Advisors Inc. purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 17,400 shares of the company’s stock, valued at approximately $994,000.

Other institutional investors also recently made changes to their positions in the company. Mattern Wealth Management LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 1.8% in the second quarter. Mattern Wealth Management LLC now owns 10,082 shares of the company’s stock valued at $573,000 after purchasing an additional 178 shares during the last quarter. Highline Wealth Partners LLC boosted its stake in JPMorgan Equity Premium Income ETF by 13.5% in the 2nd quarter. Highline Wealth Partners LLC now owns 1,518 shares of the company’s stock valued at $86,000 after purchasing an additional 180 shares during the period. First Horizon Advisors Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 9.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,221 shares of the company’s stock valued at $126,000 after buying an additional 183 shares in the last quarter. SimpliFi Inc. increased its position in JPMorgan Equity Premium Income ETF by 2.6% during the 2nd quarter. SimpliFi Inc. now owns 7,345 shares of the company’s stock worth $418,000 after buying an additional 186 shares during the period. Finally, Blue Chip Partners LLC increased its position in JPMorgan Equity Premium Income ETF by 1.2% during the 2nd quarter. Blue Chip Partners LLC now owns 16,355 shares of the company’s stock worth $930,000 after buying an additional 192 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $57.98 on Tuesday. The firm has a 50-day moving average of $57.19 and a 200-day moving average of $56.89. JPMorgan Equity Premium Income ETF has a 52-week low of $49.94 and a 52-week high of $59.73. The stock has a market cap of $41.50 billion, a PE ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Company 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.