Legacy Edge Advisors LLC Makes New Investment in JPMorgan Equity Premium Income ETF $JEPI

Legacy Edge Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 259,111 shares of the company’s stock, valued at approximately $14,832,000. JPMorgan Equity Premium Income ETF comprises about 1.6% of Legacy Edge Advisors LLC’s investment portfolio, making the stock its 19th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wealth Effects LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 0.6% during the fourth quarter. Wealth Effects LLC now owns 31,606 shares of the company’s stock valued at $1,809,000 after acquiring an additional 173 shares in the last quarter. WESPAC Advisors SoCal LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 4.3% during the fourth quarter. WESPAC Advisors SoCal LLC now owns 4,178 shares of the company’s stock valued at $239,000 after acquiring an additional 174 shares in the last quarter. Aspen Wealth Strategies LLC increased its holdings in JPMorgan Equity Premium Income ETF by 4.5% during the fourth quarter. Aspen Wealth Strategies LLC now owns 4,044 shares of the company’s stock valued at $231,000 after buying an additional 174 shares during the period. Morey & Quinn Wealth Partners LLC increased its holdings in JPMorgan Equity Premium Income ETF by 4.9% during the fourth quarter. Morey & Quinn Wealth Partners LLC now owns 3,722 shares of the company’s stock valued at $213,000 after buying an additional 175 shares during the period. Finally, Hurley Capital LLC increased its holdings in JPMorgan Equity Premium Income ETF by 2.0% during the third quarter. Hurley Capital LLC now owns 9,098 shares of the company’s stock valued at $519,000 after buying an additional 177 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 1.3%

Shares of JEPI stock opened at $56.82 on Friday. The firm has a market cap of $45.02 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56. The company’s 50 day moving average is $57.58 and its 200 day moving average is $57.65. JPMorgan Equity Premium Income ETF has a 52-week low of $55.15 and a 52-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.