Summit Wealth Group LLC Co. Buys 64,316 Shares of JPMorgan Equity Premium Income ETF $JEPI

Summit Wealth Group LLC Co. purchased a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 64,316 shares of the company’s stock, valued at approximately $3,616,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 1.3% during the second quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock worth $638,942,000 after buying an additional 146,792 shares in the last quarter. Royal Bank of Canada increased its holdings in JPMorgan Equity Premium Income ETF by 5.7% in the first quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock valued at $474,201,000 after buying an additional 449,485 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of JPMorgan Equity Premium Income ETF by 10.0% during the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after acquiring an additional 553,011 shares during the period. Cornerstone Advisory LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 3.5% during the 1st quarter. Cornerstone Advisory LLC now owns 2,030,560 shares of the company’s stock valued at $115,092,000 after acquiring an additional 68,589 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 16.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,929,732 shares of the company’s stock valued at $109,377,000 after acquiring an additional 278,868 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $57.39 on Tuesday. The firm has a market capitalization of $46.06 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The business’s 50 day simple moving average is $56.93 and its 200-day simple moving average is $57.17. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 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.