Clearstead Advisors LLC Has $74.46 Million Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Clearstead Advisors LLC decreased its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.6% in the 4th quarter, HoldingsChannel reports. The firm owned 1,300,626 shares of the company’s stock after selling 62,893 shares during the period. JPMorgan Equity Premium Income ETF makes up approximately 0.9% of Clearstead Advisors LLC’s holdings, making the stock its 23rd largest holding. Clearstead Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $74,458,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Tcfg Wealth Management LLC increased its position in 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 worth $47,498,000 after buying an additional 810,739 shares during the period. RiverFront Investment Group LLC increased its position in JPMorgan Equity Premium Income ETF by 24.0% during the 4th quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock worth $217,778,000 after buying an additional 737,043 shares during the period. Bank of America Corp DE increased its position in JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after buying an additional 690,960 shares during the period. Raymond James Financial Inc. increased its position in JPMorgan Equity Premium Income ETF by 9.9% during the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock worth $402,053,000 after buying an additional 636,586 shares during the period. Finally, Jones Financial Companies Lllp increased its position in JPMorgan Equity Premium Income ETF by 40.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,027,327 shares of the company’s stock worth $115,436,000 after buying an additional 581,218 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $56.33 on Monday. The stock has a market capitalization of $44.63 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56. The business’s fifty day moving average price is $56.79 and its two-hundred day moving average price is $57.56. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.15 and a fifty-two week high of $59.90.

JPMorgan Equity Premium Income ETF Company 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.