JPMorgan Equity Premium Income ETF $JEPI Stock Position Lifted by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. lifted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 63.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 101,691 shares of the company’s stock after acquiring an additional 39,290 shares during the period. JPMorgan Equity Premium Income ETF makes up 1.4% of Beam Wealth Advisors Inc.’s investment portfolio, making the stock its 15th largest position. Beam Wealth Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $5,764,000 as of its most recent filing with the Securities and Exchange Commission.

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

JPMorgan Equity Premium Income ETF Stock Down 0.6%

JEPI opened at $56.52 on Thursday. The firm has a market cap of $44.89 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The company’s 50-day moving average price is $56.16 and its 200 day moving average price is $57.33.

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.