Mayfair Advisory Group LLC Has $9.29 Million Holdings in JPMorgan Equity Premium Income ETF $JEPI

Mayfair Advisory Group LLC decreased its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 162,003 shares of the company’s stock after selling 13,218 shares during the quarter. JPMorgan Equity Premium Income ETF comprises approximately 3.6% of Mayfair Advisory Group LLC’s holdings, making the stock its 3rd largest position. Mayfair Advisory Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $9,286,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in JEPI. Hamilton Capital LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $72,373,000. Tcfg Wealth Management LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 3,843.5% in the 3rd quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after buying an additional 810,739 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% in the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after buying an additional 690,960 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 9.9% in the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock worth $402,053,000 after buying an additional 636,586 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of JPMorgan Equity Premium Income ETF by 40.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,027,327 shares of the company’s stock worth $115,436,000 after buying an additional 581,218 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.3%

Shares of JEPI opened at $56.52 on Wednesday. JPMorgan Equity Premium Income ETF has a 1 year low of $50.43 and a 1 year high of $59.90. The stock has a 50 day simple moving average of $58.05 and a 200-day simple moving average of $57.57. The stock has a market cap of $43.82 billion, a PE ratio of 23.93 and a beta of 0.59.

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.