M Holdings Securities Inc. Invests $3.43 Million in JPMorgan Equity Premium Income ETF $JEPI

M Holdings Securities Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 59,894 shares of the company’s stock, valued at approximately $3,428,000.

Other institutional investors have also recently bought and sold shares of the company. Rice Partnership LLC grew its holdings in JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after purchasing an additional 249 shares during the period. FNY Investment Advisers LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $28,000. EQ Wealth Advisors LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $29,000. BTG Pactual Asset Management US LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $31,000. Finally, Logan Capital Management Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the third quarter valued at approximately $33,000.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $55.29 on Thursday. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The firm has a 50 day moving average price of $56.56 and a 200 day moving average price of $57.49. The company has a market cap of $43.81 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54.

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.