Grantvest Financial Group LLC Has $3.52 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

Grantvest Financial Group LLC lifted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 43.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,405 shares of the company’s stock after acquiring an additional 18,680 shares during the period. JPMorgan Equity Premium Income ETF makes up approximately 2.3% of Grantvest Financial Group LLC’s portfolio, making the stock its 4th biggest position. Grantvest Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,515,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $28,000. EQ Wealth Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $29,000. BTG Pactual Asset Management US LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth about $31,000. Logan Capital Management Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth about $33,000. Finally, VSM Wealth Advisory LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 84.1% in the 3rd quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after acquiring an additional 269 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 1.3%

JEPI stock opened at $56.82 on Friday. The stock has a 50-day moving average price of $57.58 and a 200-day moving average price of $57.65. JPMorgan Equity Premium Income ETF has a 1-year low of $55.15 and a 1-year high of $59.90. The firm has a market cap of $45.02 billion, a PE ratio of 23.93 and a beta of 0.56.

About JPMorgan Equity Premium Income ETF

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.