JPMorgan Equity Premium Income ETF $JEPI Stock Holdings Lifted by Cornerstone Advisory LLC

Cornerstone Advisory LLC increased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 2,030,560 shares of the company’s stock after acquiring an additional 68,589 shares during the period. JPMorgan Equity Premium Income ETF comprises 10.9% of Cornerstone Advisory LLC’s investment portfolio, making the stock its biggest position. Cornerstone Advisory LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $115,092,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $402,000. AQR Capital Management LLC increased its position in JPMorgan Equity Premium Income ETF by 28.1% during the first quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock worth $4,845,000 after buying an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in JPMorgan Equity Premium Income ETF during the first quarter valued at about $847,000. Schnieders Capital Management LLC. bought a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at about $3,093,000. Finally, First Trust Advisors LP bought a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at about $529,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $56.58 on Wednesday. The stock has a market capitalization of $45.04 billion, a P/E ratio of 23.93 and a beta of 0.54. The business has a 50-day moving average of $56.13 and a two-hundred day moving average of $57.30. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week 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.