Elmwood Wealth Management Inc. Raises Holdings in JPMorgan Equity Premium Income ETF $JEPI

Elmwood Wealth Management Inc. grew its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 295.6% in the second quarter, Holdings Channel reports. The firm owned 14,339 shares of the company’s stock after buying an additional 10,714 shares during the quarter. Elmwood Wealth Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $810,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC bought a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $402,000. AQR Capital Management LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 28.1% during the 1st quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after acquiring an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the first quarter worth approximately $847,000. Schnieders Capital Management LLC. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter worth approximately $3,093,000. Finally, First Trust Advisors LP purchased a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $529,000.

JPMorgan Equity Premium Income ETF Stock Up 0.1%

JEPI opened at $57.59 on Friday. The stock has a market capitalization of $45.93 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The firm has a 50 day moving average price of $56.42 and a 200-day moving average price of $57.19. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90.

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.