Sowell Financial Services LLC Acquires New Holdings in JPMorgan Equity Premium Income ETF $JEPI

Sowell Financial Services LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 97,377 shares of the company’s stock, valued at approximately $5,475,000.

Other hedge funds have also recently bought and sold shares of the company. TopTier Wealth Management LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 1.4% during the third quarter. TopTier Wealth Management LLC now owns 12,665 shares of the company’s stock worth $712,000 after purchasing an additional 175 shares during the last quarter. Lineweaver Wealth Advisors LLC grew its position in JPMorgan Equity Premium Income ETF by 1.6% in the 3rd quarter. Lineweaver Wealth Advisors LLC now owns 11,301 shares of the company’s stock worth $635,000 after purchasing an additional 177 shares in the last quarter. Private Capital Advisors Inc. increased its stake in JPMorgan Equity Premium Income ETF by 2.2% in the 3rd quarter. Private Capital Advisors Inc. now owns 9,292 shares of the company’s stock valued at $522,000 after buying an additional 200 shares during the last quarter. Studio Investment Management LLC increased its stake in JPMorgan Equity Premium Income ETF by 0.4% in the 3rd quarter. Studio Investment Management LLC now owns 54,263 shares of the company’s stock valued at $3,051,000 after buying an additional 213 shares during the last quarter. Finally, Capstone Financial Advisors Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 1.6% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 14,739 shares of the company’s stock worth $832,000 after buying an additional 238 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.8%

Shares of NYSEARCA JEPI opened at $57.93 on Friday. JPMorgan Equity Premium Income ETF has a twelve month low of $55.10 and a twelve month high of $59.90. The stock’s 50 day moving average price is $56.94 and its 200-day moving average price is $57.18. The company has a market capitalization of $46.49 billion, a PE ratio of 23.93 and a beta of 0.53.

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.