Sequoia Financial Advisors LLC Has $1.77 Million Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Sequoia Financial Advisors LLC raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 66.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,311 shares of the company’s stock after buying an additional 12,493 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Rice Partnership LLC lifted its stake in JPMorgan Equity Premium Income ETF by 124.5% in the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after buying an additional 249 shares during the period. Providence Capital Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $26,000. FNY Investment Advisers LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at $28,000. Advocate Investing Services LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 1st quarter valued at $28,000. Finally, EQ Wealth Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth $29,000.

JPMorgan Equity Premium Income ETF Trading Up 0.1%

JEPI opened at $56.62 on Thursday. The company has a fifty day moving average price of $56.13 and a two-hundred day moving average price of $57.29. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90. The company has a market cap of $45.07 billion, a P/E ratio of 23.93 and a beta of 0.54.

About JPMorgan Equity Premium Income ETF

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.