Orrstown Financial Services Inc. Raises Stake in JPMorgan Equity Premium Income ETF $JEPI

Orrstown Financial Services Inc. raised its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 406,346 shares of the company’s stock after purchasing an additional 29,374 shares during the period. JPMorgan Equity Premium Income ETF accounts for about 4.0% of Orrstown Financial Services Inc.’s portfolio, making the stock its 7th largest position. Orrstown Financial Services Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $23,202,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 387,324.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock valued at $22,736,908,000 after purchasing an additional 401,771,477 shares in the last quarter. Nationwide Fund Advisors bought a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $396,998,000. Envestnet Asset Management Inc. boosted its position in JPMorgan Equity Premium Income ETF by 17.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock valued at $508,201,000 after acquiring an additional 1,327,996 shares in the last quarter. Hamilton Capital LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $72,373,000. Finally, Bank of New York Mellon Corp raised its position in shares of JPMorgan Equity Premium Income ETF by 191.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,708,349 shares of the company’s stock worth $97,120,000 after acquiring an additional 1,122,256 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $57.54 on Friday. The business has a fifty day moving average price of $57.06 and a 200 day moving average price of $56.80. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.73. The stock has a market capitalization of $41.19 billion, a P/E ratio of 23.93 and a beta of 0.60.

JPMorgan Equity Premium Income ETF Profile

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.