JPMorgan Equity Premium Income ETF $JEPI is Traynor Capital Management Inc.’s 7th Largest Position

Traynor Capital Management Inc. lifted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 21.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 800,395 shares of the company’s stock after acquiring an additional 140,717 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 2.6% of Traynor Capital Management Inc.’s investment portfolio, making the stock its 7th largest position. Traynor Capital Management Inc. owned 0.11% of JPMorgan Equity Premium Income ETF worth $45,703,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. BOS Asset Management LLC boosted its stake in JPMorgan Equity Premium Income ETF by 3.5% in the third quarter. BOS Asset Management LLC now owns 5,213 shares of the company’s stock valued at $298,000 after acquiring an additional 178 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 9.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,221 shares of the company’s stock worth $126,000 after acquiring an additional 183 shares during the period. SimpliFi Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 2.6% in the second quarter. SimpliFi Inc. now owns 7,345 shares of the company’s stock valued at $418,000 after purchasing an additional 186 shares during the last quarter. Comprehensive Money Management Services LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 3.6% during the 3rd quarter. Comprehensive Money Management Services LLC now owns 5,428 shares of the company’s stock worth $310,000 after purchasing an additional 188 shares in the last quarter. Finally, Global Financial Private Client LLC increased its position in JPMorgan Equity Premium Income ETF by 3.7% during the 3rd quarter. Global Financial Private Client LLC now owns 5,317 shares of the company’s stock worth $304,000 after purchasing an additional 189 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $58.42 on Thursday. The firm has a market cap of $42.80 billion, a P/E ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.73. The firm’s 50-day simple moving average is $57.73 and its 200-day simple moving average is $57.13.

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.