Saxony Capital Management LLC Makes New $5.83 Million Investment in JPMorgan Equity Premium Income ETF $JEPI

Saxony Capital Management LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 103,725 shares of the company’s stock, valued at approximately $5,831,000. JPMorgan Equity Premium Income ETF makes up approximately 2.4% of Saxony Capital Management LLC’s portfolio, making the stock its 9th largest holding.

A number of other institutional investors have also recently bought and sold shares of JEPI. RDA Financial Network increased its position in JPMorgan Equity Premium Income ETF by 13.0% in the 3rd quarter. RDA Financial Network now owns 89,036 shares of the company’s stock worth $5,006,000 after purchasing an additional 10,215 shares during the last quarter. Summit Financial Wealth Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $1,124,000. Orgel Wealth Management LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 7.0% during the 3rd quarter. Orgel Wealth Management LLC now owns 25,907 shares of the company’s stock worth $1,456,000 after purchasing an additional 1,698 shares in the last quarter. B.A. Schrock Wealth Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter valued at about $6,926,000. Finally, Ashurst Perkins Coie Trust Co lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 1.7% during the 3rd quarter. Ashurst Perkins Coie Trust Co now owns 190,470 shares of the company’s stock valued at $10,708,000 after buying an additional 3,103 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $57.16 on Friday. The stock has a market cap of $45.91 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The business has a 50 day simple moving average of $57.04 and a 200 day simple moving average of $56.74. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week 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.