JPMorgan Equity Premium Income ETF $JEPI Shares Newly Purchased by B.A. Schrock Wealth Management Inc.

B.A. Schrock Wealth Management Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 123,828 shares of the company’s stock, valued at approximately $6,926,000. JPMorgan Equity Premium Income ETF accounts for about 2.3% of B.A. Schrock Wealth Management Inc.’s portfolio, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its stake in JPMorgan Equity Premium Income ETF by 1.3% in the second quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock valued at $638,942,000 after purchasing an additional 146,792 shares during the last quarter. Royal Bank of Canada raised its holdings in JPMorgan Equity Premium Income ETF by 5.7% during the first quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after purchasing an additional 449,485 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of JPMorgan Equity Premium Income ETF by 10.0% during the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after buying an additional 553,011 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 4.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock worth $158,720,000 after buying an additional 107,684 shares during the last quarter. Finally, Cornerstone Advisory LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 3.5% during the 1st quarter. Cornerstone Advisory LLC now owns 2,030,560 shares of the company’s stock worth $115,092,000 after buying an additional 68,589 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.1%

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.87 on Thursday. The company has a fifty day simple moving average of $57.05 and a 200-day simple moving average of $56.73. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The stock has a market cap of $45.68 billion, a price-to-earnings 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.