JPMorgan Equity Premium Income ETF $JEPI Shares Purchased by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 16.5% in the third quarter, Holdings Channel reports. The fund owned 129,871 shares of the company’s stock after acquiring an additional 18,408 shares during the period. JPMorgan Equity Premium Income ETF accounts for 1.6% of Beam Wealth Advisors Inc.’s investment portfolio, making the stock its 14th biggest holding. Beam Wealth Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $7,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Henderson Brothers Financial Partners LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 12.3% in the third quarter. Henderson Brothers Financial Partners LLC now owns 84,916 shares of the company’s stock valued at $4,774,000 after purchasing an additional 9,330 shares during the last quarter. Endowment Wealth Management Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 48.5% in the third quarter. Endowment Wealth Management Inc. now owns 12,944 shares of the company’s stock worth $728,000 after purchasing an additional 4,229 shares during the period. StoneX Group Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $1,602,000. Leelyn Smith LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 3.1% during the 3rd quarter. Leelyn Smith LLC now owns 122,908 shares of the company’s stock worth $6,910,000 after purchasing an additional 3,716 shares during the last quarter. Finally, Formidable Asset Management LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 13.4% during the 3rd quarter. Formidable Asset Management LLC now owns 10,533 shares of the company’s stock worth $595,000 after purchasing an additional 1,244 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.1%

Shares of NYSEARCA:JEPI opened at $56.43 on Friday. The business has a 50 day moving average price of $56.85 and a 200 day moving average price of $57.15. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90. The company has a market cap of $45.32 billion, a price-to-earnings ratio of 23.93 and a beta of 0.52.

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.