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

Independent Wealth Network Inc. raised its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 35.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,567 shares of the company’s stock after buying an additional 15,104 shares during the quarter. JPMorgan Equity Premium Income ETF comprises 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 reporting period.

Other institutional investors have also recently made changes to their positions in the company. LifeWealth Investments LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 9.7% during the 1st quarter. LifeWealth Investments LLC now owns 87,814 shares of the company’s stock worth $4,977,000 after acquiring an additional 7,747 shares during the period. Pegasus Asset Management Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 8.2% in the 1st quarter. Pegasus Asset Management Inc. now owns 13,321 shares of the company’s stock worth $755,000 after acquiring an additional 1,011 shares during the last quarter. KFG Wealth Management LLC raised its stake in JPMorgan Equity Premium Income ETF by 19.6% in the 1st quarter. KFG Wealth Management LLC now owns 107,243 shares of the company’s stock valued at $6,079,000 after acquiring an additional 17,558 shares during the period. Fiduciary Alliance LLC raised its stake in JPMorgan Equity Premium Income ETF by 4.2% in the 1st quarter. Fiduciary Alliance LLC now owns 9,686 shares of the company’s stock valued at $558,000 after acquiring an additional 387 shares during the period. Finally, KFA Private Wealth Group LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 7.7% during the first quarter. KFA Private Wealth Group LLC now owns 10,245 shares of the company’s stock valued at $581,000 after purchasing an additional 730 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.0%

NYSEARCA JEPI opened at $56.07 on Friday. The company has a market cap of $44.43 billion, a PE 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.