Cooper Financial Group Grows Holdings in JPMorgan Equity Premium Income ETF $JEPI

Cooper Financial Group increased its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 6.1% in the second quarter, Holdings Channel reports. The firm owned 362,108 shares of the company’s stock after buying an additional 20,689 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 1.7% of Cooper Financial Group’s investment portfolio, making the stock its 16th biggest holding. Cooper Financial Group’s holdings in JPMorgan Equity Premium Income ETF were worth $20,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of JEPI. Equitable Holdings Inc. increased its position 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 acquiring an additional 1,801,951 shares during the period. Tableaux LLC lifted its position in JPMorgan Equity Premium Income ETF by 1,462.3% during the 4th quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock worth $86,084,000 after acquiring an additional 1,407,660 shares during the period. Raymond James Financial Inc. lifted its position in JPMorgan Equity Premium Income ETF by 11.4% during the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after acquiring an additional 825,889 shares during the period. SHP Wealth Management purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at approximately $42,882,000. Finally, RiverFront Investment Group LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 24.0% in the 4th quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock valued at $217,778,000 after purchasing an additional 737,043 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.1%

NYSEARCA:JEPI opened at $57.59 on Friday. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The stock’s 50 day simple moving average is $56.42 and its 200-day simple moving average is $57.19. The firm has a market cap of $45.93 billion, a P/E ratio of 23.93 and a beta of 0.53.

JPMorgan Equity Premium Income ETF Company 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.