JPMorgan Equity Premium Income ETF $JEPI Position Boosted by Truist Financial Corp

Truist Financial Corp boosted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,021,923 shares of the company’s stock after buying an additional 14,729 shares during the quarter. Truist Financial Corp owned approximately 0.14% of JPMorgan Equity Premium Income ETF worth $58,352,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JEPI. Bartlett & CO. Wealth Management LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $25,000. GHP Investment Advisors Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter worth $25,000. Clarity Asset Management Inc. bought a new stake in JPMorgan Equity Premium Income ETF during the second quarter valued at $25,000. Pin Oak Investment Advisors Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 73.6% during the second quarter. Pin Oak Investment Advisors Inc. now owns 500 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares during the period. Finally, Asset Dedication LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth $28,000.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $58.42 on Thursday. JPMorgan Equity Premium Income ETF has a 1 year low of $49.94 and a 1 year high of $59.73. The firm’s 50-day moving average is $57.73 and its 200-day moving average is $57.13. The company has a market cap of $42.80 billion, a P/E ratio of 23.93 and a beta of 0.60.

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.