Envestnet Asset Management Inc. Boosts Holdings in JPMorgan Equity Premium Income ETF $JEPI

by · The Markets Daily

Envestnet Asset Management Inc. raised its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 1.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,312,713 shares of the company’s stock after buying an additional 146,792 shares during the quarter. Envestnet Asset Management Inc. owned about 1.41% of JPMorgan Equity Premium Income ETF worth $638,942,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Tableaux LLC lifted its position in JPMorgan Equity Premium Income ETF by 1,462.3% in the fourth quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock valued at $86,084,000 after purchasing an additional 1,407,660 shares during the period. SHP Wealth Management acquired a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth $42,882,000. Foguth Wealth Management LLC. raised its position in JPMorgan Equity Premium Income ETF by 366.7% in the first quarter. Foguth Wealth Management LLC. now owns 919,518 shares of the company’s stock worth $51,530,000 after acquiring an additional 722,490 shares in the last quarter. Cetera Investment Advisers raised its position in JPMorgan Equity Premium Income ETF by 10.0% in the first quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after acquiring an additional 553,011 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in JPMorgan Equity Premium Income ETF by 390.1% in the first quarter. Arkadios Wealth Advisors now owns 606,352 shares of the company’s stock valued at $34,368,000 after acquiring an additional 482,640 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock traded down $0.16 during midday trading on Wednesday, reaching $56.58. The company’s stock had a trading volume of 3,533,485 shares, compared to its average volume of 5,212,178. The firm has a market capitalization of $45.55 billion, a PE ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The stock’s 50 day simple moving average is $57.19 and its 200 day simple moving average is $56.81.

About JPMorgan Equity Premium Income ETF

(Free Report)

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.

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