JPMorgan Equity Premium Income ETF $JEPI is Orrstown Financial Services Inc.’s 7th Largest Position

Orrstown Financial Services Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 406,346 shares of the company’s stock after buying an additional 29,374 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 4.0% of Orrstown Financial Services Inc.’s investment portfolio, making the stock its 7th biggest position. Orrstown Financial Services Inc. owned 0.06% of JPMorgan Equity Premium Income ETF worth $23,202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of JEPI. Kingstone Capital Partners Texas LLC grew its position in JPMorgan Equity Premium Income ETF by 387,324.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock valued at $22,736,908,000 after acquiring an additional 401,771,477 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of JPMorgan Equity Premium Income ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after purchasing an additional 690,960 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 17.4% in the second quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock worth $508,201,000 after purchasing an additional 1,327,996 shares during the last quarter. Royal Bank of Canada increased its stake in JPMorgan Equity Premium Income ETF by 10.5% in the 1st quarter. Royal Bank of Canada now owns 8,119,139 shares of the company’s stock worth $463,927,000 after buying an additional 772,858 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 9.9% during the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after buying an additional 636,586 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $57.54 on Friday. The company has a market capitalization of $41.19 billion, a P/E ratio of 23.93 and a beta of 0.60. The company’s 50-day simple moving average is $57.06 and its two-hundred day simple moving average is $56.80. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.73.

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.