TrinityPoint Wealth LLC Has $6.01 Million Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

TrinityPoint Wealth LLC raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,380 shares of the company’s stock after buying an additional 3,582 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 0.8% of TrinityPoint Wealth LLC’s portfolio, making the stock its 26th largest position. TrinityPoint Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,005,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth about $322,301,000. JPMorgan Chase & Co. raised its position in shares of JPMorgan Equity Premium Income ETF by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after purchasing an additional 3,536,406 shares during the period. Wells Fargo & Company MN raised its position in shares of JPMorgan Equity Premium Income ETF by 16.4% during the fourth quarter. Wells Fargo & Company MN now owns 14,555,046 shares of the company’s stock worth $837,352,000 after purchasing an additional 2,051,299 shares during the period. Strategic Financial Concepts LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 4,498.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,301,762 shares of the company’s stock worth $74,890,000 after purchasing an additional 1,273,452 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth about $53,537,000.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $56.24 on Friday. The firm has a market cap of $39.74 billion, a P/E ratio of 24.55 and a beta of 0.61. The stock’s 50-day moving average is $55.37 and its 200-day moving average is $57.71. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $60.88.

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.