JPMorgan Equity Premium Income ETF $JEPI Shares Bought by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. increased its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 371,626 shares of the company’s stock after buying an additional 26,954 shares during the period. JPMorgan Equity Premium Income ETF makes up 3.4% of Global Wealth Management Investment Advisory Inc.’s holdings, making the stock its 4th largest holding. Global Wealth Management Investment Advisory Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $21,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JEPI. FNY Investment Advisers LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $28,000. EQ Wealth Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $29,000. BTG Pactual Asset Management US LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $31,000. Logan Capital Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter valued at approximately $33,000. Finally, VSM Wealth Advisory LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 84.1% in the third quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock valued at $34,000 after buying an additional 269 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.4%

NYSEARCA JEPI opened at $56.08 on Wednesday. JPMorgan Equity Premium Income ETF has a 1-year low of $55.15 and a 1-year high of $59.90. The company has a 50 day moving average of $57.18 and a 200-day moving average of $57.62. The company has a market cap of $44.43 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56.

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.