LJI Wealth Management LLC Purchases 9,023 Shares of JPMorgan Equity Premium Income ETF $JEPI

LJI Wealth Management LLC lifted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 40.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,266 shares of the company’s stock after purchasing an additional 9,023 shares during the quarter. LJI Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,790,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Channel Wealth LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 89.2% during the fourth quarter. Channel Wealth LLC now owns 121,746 shares of the company’s stock worth $6,969,000 after purchasing an additional 57,394 shares in the last quarter. Lighthouse Financial Services Inc. ADV bought a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth $674,000. Strategic Wealth Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth $1,539,000. Diversify Wealth Management LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 16.8% during the fourth quarter. Diversify Wealth Management LLC now owns 61,634 shares of the company’s stock worth $3,590,000 after purchasing an additional 8,857 shares in the last quarter. Finally, MGO One Seven LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 12.7% during the fourth quarter. MGO One Seven LLC now owns 294,095 shares of the company’s stock worth $16,834,000 after purchasing an additional 33,064 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $55.96 on Friday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.15 and a fifty-two week high of $59.90. The stock has a market capitalization of $44.34 billion, a PE ratio of 23.93 and a beta of 0.56. The business’s 50-day simple moving average is $57.41 and its 200-day simple moving average is $57.64.

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.