JPMorgan Equity Premium Income ETF $JEPI Stock Position Lifted by Waverly Advisors LLC

Waverly Advisors LLC boosted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 54.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 544,854 shares of the company’s stock after buying an additional 192,355 shares during the quarter. Waverly Advisors LLC owned approximately 0.07% of JPMorgan Equity Premium Income ETF worth $30,882,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of JEPI. Rice Partnership LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 124.5% during the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares in the last quarter. Providence Capital Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $26,000. FNY Investment Advisers LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth about $28,000. Advocate Investing Services LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 1st quarter worth about $28,000. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth about $29,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.80 on Friday. The firm has a market cap of $45.36 billion, a price-to-earnings 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 stock has a 50-day simple moving average of $56.22 and a 200-day simple moving average of $57.24.

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.