Channel Wealth LLC Acquires 57,394 Shares of JPMorgan Equity Premium Income ETF $JEPI

Channel Wealth LLC lifted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 89.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,746 shares of the company’s stock after purchasing an additional 57,394 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 1.7% of Channel Wealth LLC’s holdings, making the stock its 16th largest holding. Channel Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,969,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in JEPI. Brighton Jones LLC bought a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $402,000. AQR Capital Management LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 28.1% during the first quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after buying an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at approximately $847,000. Schnieders Capital Management LLC. bought a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $3,093,000. Finally, First Trust Advisors LP acquired a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth $529,000.

JPMorgan Equity Premium Income ETF Stock Down 0.6%

Shares of NYSEARCA JEPI opened at $55.96 on Friday. JPMorgan Equity Premium Income ETF has a twelve month low of $55.15 and a twelve month high of $59.90. The stock has a market cap of $44.34 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56. The company’s fifty day moving average is $57.41 and its 200-day moving average is $57.64.

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.