Axxcess Wealth Management LLC Has $17.13 Million Stake in JPMorgan Equity Premium Income ETF $JEPI

Axxcess Wealth Management LLC raised its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 87.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 299,182 shares of the company’s stock after purchasing an additional 139,394 shares during the period. Axxcess Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $17,125,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JEPI. FNY Investment Advisers LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $28,000. EQ Wealth Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth $29,000. BTG Pactual Asset Management US LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter worth $31,000. Logan Capital Management Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter worth $33,000. Finally, VSM Wealth Advisory LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 84.1% in the third quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after purchasing an additional 269 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $56.33 on Friday. The stock has a market cap of $44.63 billion, a P/E ratio of 23.93 and a beta of 0.56. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.15 and a fifty-two week high of $59.90. The firm’s fifty day moving average price is $56.79 and its 200-day moving average price is $57.55.

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.