Base Wealth Management LLC Buys 11,406 Shares of JPMorgan Equity Premium Income ETF $JEPI

Base Wealth Management LLC grew its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 14.7% during the first quarter, HoldingsChannel.com reports. The fund owned 89,050 shares of the company’s stock after buying an additional 11,406 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 2.8% of Base Wealth Management LLC’s portfolio, making the stock its 14th biggest position. Base Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $5,047,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Morgan Stanley lifted its position in JPMorgan Equity Premium Income ETF by 0.6% during the fourth quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock valued at $2,703,692,000 after purchasing an additional 261,872 shares during the period. Bank of America Corp DE grew its position in JPMorgan Equity Premium Income ETF by 2.1% in the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after purchasing an additional 690,960 shares during the period. Raymond James Financial Inc. grew its position in JPMorgan Equity Premium Income ETF by 11.4% in the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after purchasing an additional 825,889 shares during the period. Nationwide Fund Advisors raised its stake in JPMorgan Equity Premium Income ETF by 0.7% during the 4th quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock valued at $405,826,000 after buying an additional 51,190 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in JPMorgan Equity Premium Income ETF by 7.2% during the 4th quarter. Cetera Investment Advisers now owns 5,530,763 shares of the company’s stock valued at $316,581,000 after buying an additional 370,330 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $56.52 on Thursday. The business’s fifty day moving average price is $56.16 and its 200-day moving average price is $57.33. The stock has a market capitalization of $44.89 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90.

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.