JPMorgan Equity Premium Income ETF $JEPI Shares Acquired by KFG Wealth Management LLC

KFG Wealth Management LLC boosted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 13.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 121,768 shares of the company’s stock after buying an additional 14,525 shares during the period. JPMorgan Equity Premium Income ETF accounts for 0.8% of KFG Wealth Management LLC’s investment portfolio, making the stock its 24th largest position. KFG Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,877,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Morgan Stanley raised its position in JPMorgan Equity Premium Income ETF by 0.6% in the fourth quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock worth $2,703,692,000 after acquiring an additional 261,872 shares in the last quarter. Bank of America Corp DE boosted its position in shares of JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after purchasing an additional 690,960 shares in the last quarter. Royal Bank of Canada grew its stake in shares of JPMorgan Equity Premium Income ETF by 5.7% in the 1st quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after purchasing an additional 449,485 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of JPMorgan Equity Premium Income ETF by 11.4% in the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after purchasing an additional 825,889 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of JPMorgan Equity Premium Income ETF by 10.0% in the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after purchasing an additional 553,011 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $57.19 on Thursday. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The firm has a market cap of $45.61 billion, a PE ratio of 23.93 and a beta of 0.53. The firm has a 50 day simple moving average of $57.17 and a 200 day simple moving average of $57.08.

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.