Summit Financial Wealth Advisors LLC Purchases 17,393 Shares of JPMorgan Equity Premium Income ETF $JEPI

Summit Financial Wealth Advisors LLC increased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 126,523 shares of the company’s stock after purchasing an additional 17,393 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 1.0% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its 27th biggest position. Summit Financial Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $7,171,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Equitable Holdings Inc. increased its stake in JPMorgan Equity Premium Income ETF by 3,477.6% in the 4th quarter. Equitable Holdings Inc. now owns 1,853,767 shares of the company’s stock valued at $106,110,000 after buying an additional 1,801,951 shares during the last quarter. Tableaux LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 1,462.3% in the 4th quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock worth $86,084,000 after buying an additional 1,407,660 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 11.4% in the fourth quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock valued at $463,602,000 after acquiring an additional 825,889 shares in the last quarter. SHP Wealth Management bought a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $42,882,000. Finally, RiverFront Investment Group LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 24.0% during the fourth quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock valued at $217,778,000 after acquiring an additional 737,043 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.3%

Shares of JPMorgan Equity Premium Income ETF stock opened at $57.43 on Friday. The business’s fifty day simple moving average is $56.33 and its 200 day simple moving average is $57.22. The firm has a market capitalization of $45.81 billion, a P/E ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90.

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.