Sowell Financial Services LLC Acquires New Holdings in JPMorgan Equity Premium Income ETF $JEPI

Sowell Financial Services LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 97,377 shares of the company’s stock, valued at approximately $5,475,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. NBH Bank bought a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth $27,000. Advocate Investing Services LLC bought a new position in JPMorgan Equity Premium Income ETF during the first quarter valued at $28,000. Olistico Wealth LLC bought a new position in JPMorgan Equity Premium Income ETF during the third quarter valued at $35,000. Provenance Wealth Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the first quarter valued at $42,000. Finally, Dynamic Wealth Strategies LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 1st quarter worth $51,000.

JPMorgan Equity Premium Income ETF Stock Down 0.0%

Shares of NYSEARCA:JEPI opened at $57.35 on Thursday. The firm has a fifty day simple moving average of $57.00 and a two-hundred day simple moving average of $56.77. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90. The stock has a market capitalization of $45.99 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.