Tobias Financial Advisors Inc. Buys 23,533 Shares of JPMorgan Equity Premium Income ETF $JEPI

Tobias Financial Advisors Inc. grew its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 289,257 shares of the company’s stock after purchasing an additional 23,533 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 2.3% of Tobias Financial Advisors Inc.’s portfolio, making the stock its 13th biggest position. Tobias Financial Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $16,557,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tenzing Financial LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $16,660,000. WealthTrust Axiom LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $240,000. Perryman Financial Advisory Inc. AD bought a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $1,870,000. MLP3 LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $2,050,000. Finally, MML Investors Services LLC increased its holdings in JPMorgan Equity Premium Income ETF by 8.1% during the 4th quarter. MML Investors Services LLC now owns 3,063,422 shares of the company’s stock worth $175,350,000 after purchasing an additional 230,264 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $56.04 on Monday. The stock has a 50 day moving average price of $56.53 and a two-hundred day moving average price of $57.47. The firm has a market capitalization of $44.40 billion, a P/E ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week 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.