JPMorgan Equity Premium Income ETF $JEPI Shares Bought by Rooted Wealth Advisors Inc.

Rooted Wealth Advisors Inc. grew its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 6.1% during the third quarter, HoldingsChannel reports. The firm owned 280,323 shares of the company’s stock after buying an additional 16,184 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 4.9% of Rooted Wealth Advisors Inc.’s investment portfolio, making the stock its 5th largest holding. Rooted Wealth Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $15,987,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in JEPI. Kingstone Capital Partners Texas LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 387,324.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 401,875,207 shares of the company’s stock worth $22,736,908,000 after buying an additional 401,771,477 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after acquiring an additional 690,960 shares in the last quarter. Envestnet Asset Management Inc. grew its position in JPMorgan Equity Premium Income ETF by 17.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,939,325 shares of the company’s stock worth $508,201,000 after acquiring an additional 1,327,996 shares during the last quarter. Royal Bank of Canada increased its holdings in JPMorgan Equity Premium Income ETF by 10.5% in the 1st quarter. Royal Bank of Canada now owns 8,119,139 shares of the company’s stock worth $463,927,000 after purchasing an additional 772,858 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in JPMorgan Equity Premium Income ETF by 9.9% in the second quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after purchasing an additional 636,586 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $57.98 on Tuesday. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.73. The company has a market cap of $41.50 billion, a PE ratio of 23.93 and a beta of 0.60. The firm’s 50 day simple moving average is $57.19 and its 200 day simple moving average is $56.89.

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.