Sequoia Financial Advisors LLC Has $1.77 Million Position in JPMorgan Equity Premium Income ETF $JEPI

Sequoia Financial Advisors LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 66.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,311 shares of the company’s stock after purchasing an additional 12,493 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,775,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Equitable Holdings Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 3,477.6% during the 4th quarter. Equitable Holdings Inc. now owns 1,853,767 shares of the company’s stock valued at $106,110,000 after purchasing an additional 1,801,951 shares during the last quarter. Tableaux LLC lifted its stake in JPMorgan Equity Premium Income ETF by 1,462.3% during the 4th quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock valued at $86,084,000 after acquiring an additional 1,407,660 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 11.4% during the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after acquiring an additional 825,889 shares during the last quarter. Tcfg Wealth Management LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 3,843.5% in the 3rd quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock worth $47,498,000 after acquiring an additional 810,739 shares in the last quarter. Finally, SHP Wealth Management bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth $42,882,000.

JPMorgan Equity Premium Income ETF Stock Up 0.1%

JPMorgan Equity Premium Income ETF stock opened at $56.62 on Thursday. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90. The company’s 50 day moving average price is $56.13 and its two-hundred day moving average price is $57.29. The stock has a market cap of $45.07 billion, a P/E ratio of 23.93 and a beta of 0.54.

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.