SMART Wealth LLC Acquires 34,997 Shares of JPMorgan Equity Premium Income ETF $JEPI

SMART Wealth LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 32.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,327 shares of the company’s stock after purchasing an additional 34,997 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 1.8% of SMART Wealth LLC’s holdings, making the stock its 8th biggest holding. SMART Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $8,095,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of JEPI. Nottingham Advisors Inc. raised its stake in JPMorgan Equity Premium Income ETF by 21.6% in the 1st quarter. Nottingham Advisors Inc. now owns 816,880 shares of the company’s stock valued at $46,301,000 after purchasing an additional 144,966 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,692,604 shares of the company’s stock worth $154,125,000 after purchasing an additional 36,106 shares during the last quarter. Armstrong Advisory Group Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 60.7% during the second quarter. Armstrong Advisory Group Inc. now owns 75,535 shares of the company’s stock worth $4,266,000 after buying an additional 28,517 shares in the last quarter. Channel Wealth LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 89.2% in the fourth quarter. Channel Wealth LLC now owns 121,746 shares of the company’s stock valued at $6,969,000 after buying an additional 57,394 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 13.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,650,864 shares of the company’s stock valued at $94,495,000 after buying an additional 191,240 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $57.43 on Friday. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The company’s 50 day simple moving average is $57.19 and its 200 day simple moving average is $57.07. The company has a market capitalization of $45.81 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.