Sowell Financial Services LLC Makes New Investment in JPMorgan Equity Premium Income ETF $JEPI

Sowell Financial Services LLC purchased a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 97,377 shares of the company’s stock, valued at approximately $5,475,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NBH Bank bought a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at $27,000. Advocate Investing Services LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the first quarter valued at $28,000. Olistico Wealth LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter valued at $35,000. Provenance Wealth Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter worth about $42,000. Finally, Dynamic Wealth Strategies LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter worth about $51,000.

JPMorgan Equity Premium Income ETF Trading Down 0.0%

JEPI stock opened at $57.35 on Thursday. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The company has a 50-day moving average price of $57.00 and a 200 day moving average price of $56.77. The stock has a market cap of $45.99 billion, a PE ratio of 23.93 and a beta of 0.53.

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.