Commonwealth Financial Services LLC Makes New $507,000 Investment in JPMorgan Equity Premium Income ETF $JEPI

Commonwealth Financial Services LLC bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 3rd quarter, Holdings Channel reports. The fund bought 9,015 shares of the company’s stock, valued at approximately $507,000.

Several other institutional investors also recently made changes to their positions in JEPI. NBH Bank purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $27,000. Advocate Investing Services LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter worth approximately $28,000. Olistico Wealth LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth approximately $35,000. Provenance Wealth Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 1st quarter valued at approximately $42,000. Finally, Dynamic Wealth Strategies LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 1st quarter valued at approximately $51,000.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock traded up $0.24 during midday trading on Tuesday, hitting $57.30. 2,034,268 shares of the stock were exchanged, compared to its average volume of 5,116,370. The stock’s 50-day moving average price is $57.02 and its 200-day moving average price is $56.75. The stock has a market cap of $45.95 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week 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.