Fortress Financial Solutions LLC Acquires New Stake in JPMorgan Equity Premium Income ETF $JEPI

Fortress Financial Solutions LLC bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 62,048 shares of the company’s stock, valued at approximately $3,488,000. JPMorgan Equity Premium Income ETF comprises approximately 3.0% of Fortress Financial Solutions LLC’s portfolio, making the stock its 12th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of JEPI. Envestnet Asset Management Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock valued at $638,942,000 after purchasing an additional 146,792 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of JPMorgan Equity Premium Income ETF by 5.7% during the first quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after purchasing an additional 449,485 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of JPMorgan Equity Premium Income ETF by 10.0% during the first quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after purchasing an additional 553,011 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 4.0% during the first quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock worth $158,720,000 after purchasing an additional 107,684 shares during the last quarter. Finally, Cornerstone Advisory LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 3.5% during the first quarter. Cornerstone Advisory LLC now owns 2,030,560 shares of the company’s stock worth $115,092,000 after purchasing an additional 68,589 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI traded down $0.06 during midday trading on Wednesday, reaching $56.87. The company’s stock had a trading volume of 4,548,780 shares, compared to its average volume of 5,138,566. 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 has a market capitalization of $45.68 billion, a P/E ratio of 23.93 and a beta of 0.53. The business’s fifty day simple moving average is $57.06 and its 200-day simple moving average is $56.72.

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.