Midwest Trust Co Raises Position in JPMorgan Equity Premium Income ETF $JEPI

Midwest Trust Co grew its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 471,546 shares of the company’s stock after purchasing an additional 38,268 shares during the period. Midwest Trust Co owned approximately 0.06% of JPMorgan Equity Premium Income ETF worth $26,727,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of JEPI. Equitable Holdings Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 3,477.6% during the 4th quarter. Equitable Holdings Inc. now owns 1,853,767 shares of the company’s stock valued at $106,110,000 after buying an additional 1,801,951 shares during the period. Tableaux LLC boosted its stake in JPMorgan Equity Premium Income ETF by 1,462.3% during the fourth quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock worth $86,084,000 after buying an additional 1,407,660 shares during the period. Raymond James Financial Inc. increased its position in JPMorgan Equity Premium Income ETF by 11.4% during the fourth quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock valued at $463,602,000 after acquiring an additional 825,889 shares during the last quarter. Tcfg Wealth Management LLC increased its position in JPMorgan Equity Premium Income ETF by 3,843.5% during the third quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock valued at $47,498,000 after acquiring an additional 810,739 shares during the last quarter. Finally, SHP Wealth Management bought a new position in JPMorgan Equity Premium Income ETF during the fourth quarter valued at $42,882,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI traded up $0.13 during midday trading on Friday, hitting $56.76. The stock had a trading volume of 3,315,346 shares, compared to its average volume of 5,517,202. The stock’s 50 day moving average is $56.15 and its 200 day moving average is $57.32. The firm has a market cap of $45.17 billion, a PE ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90.

About JPMorgan Equity Premium Income ETF

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.