Private Client Services LLC Buys New Shares in JPMorgan Equity Premium Income ETF $JEPI

Private Client Services LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 65,708 shares of the company’s stock, valued at approximately $3,694,000. JPMorgan Equity Premium Income ETF accounts for 1.0% of Private Client Services LLC’s investment portfolio, making the stock its 21st biggest position.

A number of other hedge funds have also made changes to their positions in JEPI. Envestnet Portfolio Solutions Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 20.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 102,915 shares of the company’s stock valued at $5,813,000 after acquiring an additional 17,807 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 1.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock valued at $638,942,000 after buying an additional 146,792 shares during the last quarter. Talon Private Wealth LLC raised its stake in JPMorgan Equity Premium Income ETF by 1,735.4% during the 2nd quarter. Talon Private Wealth LLC now owns 97,586 shares of the company’s stock valued at $5,512,000 after purchasing an additional 92,269 shares during the last quarter. Bouchey Financial Group Ltd. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 4.1% during the 2nd quarter. Bouchey Financial Group Ltd. now owns 551,039 shares of the company’s stock worth $31,123,000 after purchasing an additional 21,656 shares during the period. Finally, Miramontes Capital LLC raised its holdings in JPMorgan Equity Premium Income ETF by 5.3% in the 2nd quarter. Miramontes Capital LLC now owns 40,380 shares of the company’s stock valued at $2,281,000 after acquiring an additional 2,031 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.3%

JEPI traded up $0.17 during trading on Friday, reaching $56.09. 2,806,481 shares of the company’s stock were exchanged, compared to its average volume of 5,160,022. The company has a market capitalization of $45.17 billion, a P/E ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The business has a 50 day moving average price of $57.16 and a 200 day moving average price of $56.74.

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.