Saxony Capital Management LLC Buys 103,725 Shares of JPMorgan Equity Premium Income ETF $JEPI

Saxony Capital Management LLC bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 3rd quarter, Holdings Channel.com reports. The firm bought 103,725 shares of the company’s stock, valued at approximately $5,831,000. JPMorgan Equity Premium Income ETF makes up about 2.4% of Saxony Capital Management LLC’s holdings, making the stock its 9th largest position.

Several other institutional investors also recently bought and sold shares of JEPI. RDA Financial Network raised its stake in shares of JPMorgan Equity Premium Income ETF by 13.0% in the 3rd quarter. RDA Financial Network now owns 89,036 shares of the company’s stock valued at $5,006,000 after acquiring an additional 10,215 shares in the last quarter. Summit Financial Wealth Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF during the third quarter worth approximately $1,124,000. Orgel Wealth Management LLC boosted its position in JPMorgan Equity Premium Income ETF by 7.0% during the third quarter. Orgel Wealth Management LLC now owns 25,907 shares of the company’s stock worth $1,456,000 after purchasing an additional 1,698 shares during the period. B.A. Schrock Wealth Management Inc. bought a new stake in JPMorgan Equity Premium Income ETF during the third quarter worth approximately $6,926,000. Finally, Ashurst Perkins Coie Trust Co boosted its position in JPMorgan Equity Premium Income ETF by 1.7% during the third quarter. Ashurst Perkins Coie Trust Co now owns 190,470 shares of the company’s stock worth $10,708,000 after purchasing an additional 3,103 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.5%

Shares of JEPI stock opened at $57.16 on Friday. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The company has a market cap of $45.91 billion, a PE ratio of 23.93 and a beta of 0.53. The business’s 50 day moving average is $57.04 and its two-hundred day moving average is $56.74.

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.