Traynor Capital Management Inc. Purchases 136,642 Shares of JPMorgan Equity Premium Income ETF $JEPI

Traynor Capital Management Inc. grew its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 937,037 shares of the company’s stock after buying an additional 136,642 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 2.9% of Traynor Capital Management Inc.’s holdings, making the stock its 8th largest holding. Traynor Capital Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $53,636,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after acquiring an additional 690,960 shares during the period. Envestnet Asset Management Inc. increased its stake in JPMorgan Equity Premium Income ETF by 5.5% during the third quarter. Envestnet Asset Management Inc. now owns 9,432,964 shares of the company’s stock worth $538,622,000 after purchasing an additional 493,639 shares during the period. Raymond James Financial Inc. increased its stake in JPMorgan Equity Premium Income ETF by 2.8% during the third quarter. Raymond James Financial Inc. now owns 7,273,381 shares of the company’s stock worth $415,310,000 after purchasing an additional 201,202 shares during the period. Nationwide Fund Advisors lifted its position in shares of JPMorgan Equity Premium Income ETF by 0.8% during the third quarter. Nationwide Fund Advisors now owns 7,038,718 shares of the company’s stock worth $401,911,000 after purchasing an additional 55,467 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 1.4% during the second quarter. Osaic Holdings Inc. now owns 6,248,359 shares of the company’s stock worth $355,327,000 after purchasing an additional 85,326 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $56.73 on Thursday. The firm has a market cap of $41.81 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. The firm has a 50 day simple moving average of $58.41 and a 200-day simple moving average of $57.60. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.90.

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.