Fragasso Financial Advisors Inc Purchases New Stake in JPMorgan Equity Premium Income ETF $JEPI

Fragasso Financial Advisors Inc acquired a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 47,176 shares of the company’s stock, valued at approximately $2,678,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avior Wealth Management LLC purchased a new position in JPMorgan Equity Premium Income ETF during the third quarter worth approximately $6,377,000. Scott Capital Advisors LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 3.7% during the third quarter. Scott Capital Advisors LLC now owns 168,595 shares of the company’s stock valued at $9,517,000 after purchasing an additional 5,994 shares during the period. Integrated Financial Solutions Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 3.5% during the third quarter. Integrated Financial Solutions Inc. now owns 89,295 shares of the company’s stock worth $5,020,000 after purchasing an additional 3,050 shares in the last quarter. Armstrong Advisory Group Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 1.1% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 76,338 shares of the company’s stock worth $4,292,000 after buying an additional 803 shares in the last quarter. Finally, Sherry Group Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 68.2% during the 3rd quarter. Sherry Group Inc. now owns 6,390 shares of the company’s stock worth $359,000 after purchasing an additional 2,590 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.2%

NYSEARCA JEPI traded down $0.10 on Tuesday, hitting $56.85. 1,983,174 shares of the stock traded hands, compared to its average volume of 5,132,276. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90. The stock has a 50-day moving average of $57.07 and a 200 day moving average of $56.72. The company has a market capitalization of $45.80 billion, a P/E 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.