Summit Financial Wealth Advisors LLC Boosts Holdings in JPMorgan Equity Premium Income ETF $JEPI

Summit Financial Wealth Advisors LLC boosted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 126,523 shares of the company’s stock after purchasing an additional 17,393 shares during the period. JPMorgan Equity Premium Income ETF makes up 1.0% of Summit Financial Wealth Advisors LLC’s portfolio, making the stock its 27th largest position. Summit Financial Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $7,171,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Equitable Holdings Inc. increased its stake in shares of 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 worth $106,110,000 after purchasing an additional 1,801,951 shares during the last quarter. Tableaux LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 1,462.3% in the 4th quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock worth $86,084,000 after purchasing an additional 1,407,660 shares during the period. Raymond James Financial Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 11.4% in the fourth quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock valued at $463,602,000 after purchasing an additional 825,889 shares during the last quarter. SHP Wealth Management purchased a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $42,882,000. Finally, RiverFront Investment Group LLC grew its holdings in JPMorgan Equity Premium Income ETF by 24.0% during the fourth quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock valued at $217,778,000 after purchasing an additional 737,043 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $57.43 on Friday. The business has a fifty day simple moving average of $56.33 and a two-hundred day simple moving average of $57.22. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The company has a market capitalization of $45.81 billion, a P/E ratio of 23.93 and a beta of 0.54.

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.