JPMorgan Equity Premium Income ETF $JEPI Stock: Parallel Advisors LLC Boosts Position

Parallel Advisors LLC increased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 470.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 387,123 shares of the company’s stock after acquiring an additional 319,260 shares during the period. Parallel Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $21,764,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Private Trust Co. purchased a new position in JPMorgan Equity Premium Income ETF in the 3rd quarter valued at approximately $2,602,000. Private Client Services LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter worth $3,694,000. Studio Investment Management LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 194.0% during the second quarter. Studio Investment Management LLC now owns 54,050 shares of the company’s stock worth $3,053,000 after acquiring an additional 35,668 shares during the period. Community Financial Services Group LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter worth $6,319,000. Finally, Tucker Asset Management LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 42.1% in the second quarter. Tucker Asset Management LLC now owns 34,008 shares of the company’s stock valued at $1,921,000 after acquiring an additional 10,075 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.1%

NYSEARCA:JEPI traded up $0.04 during midday trading on Friday, reaching $56.43. The company had a trading volume of 14,279,017 shares, compared to its average volume of 5,150,142. The firm has a market capitalization of $45.32 billion, a price-to-earnings ratio of 23.93 and a beta of 0.52. The stock’s fifty day simple moving average is $56.85 and its 200-day simple moving average is $57.15. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90.

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.