JPMorgan Equity Premium Income ETF $JEPI Stock Bought by Tenzing Financial LLC

Tenzing Financial LLC raised its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 333,207 shares of the company’s stock after purchasing an additional 19,978 shares during the period. JPMorgan Equity Premium Income ETF comprises 13.2% of Tenzing Financial LLC’s portfolio, making the stock its biggest position. Tenzing Financial LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $19,013,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. NBH Bank purchased a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $27,000. Financial Management Professionals Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth $30,000. Olistico Wealth LLC bought a new stake in JPMorgan Equity Premium Income ETF during the third quarter valued at about $35,000. William Mack & Associates Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth approximately $37,000. Finally, Dynamic Wealth Strategies LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth approximately $51,000.

JPMorgan Equity Premium Income ETF Trading Up 0.1%

Shares of JEPI traded up $0.04 during midday trading on Friday, hitting $56.43. 14,279,017 shares of the company’s stock traded hands, compared to its average volume of 5,150,142. The stock has a market capitalization of $45.32 billion, a price-to-earnings ratio of 23.93 and a beta of 0.52. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The firm’s fifty day moving average is $56.85 and its 200-day moving average is $57.15.

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.