Independent Wealth Network Inc. Increases Position in JPMorgan Equity Premium Income ETF $JEPI

Independent Wealth Network Inc. increased its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 35.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,567 shares of the company’s stock after acquiring an additional 15,104 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 1.0% of Independent Wealth Network Inc.’s holdings, making the stock its 19th largest position. Independent Wealth Network Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $3,263,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of JEPI. Rice Partnership LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 124.5% during the 4th quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after purchasing an additional 249 shares during the period. Providence Capital Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $26,000. FNY Investment Advisers LLC bought a new position in JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $28,000. EQ Wealth Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $29,000. Finally, Monetary Solutions Ltd purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter worth about $30,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $56.07 on Friday. The firm has a market cap of $44.43 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90. The firm’s 50-day simple moving average is $56.34 and its two-hundred day simple moving average is $57.39.

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.