Parallel Advisors LLC Boosts Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Parallel Advisors LLC lifted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 27.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,183 shares of the company’s stock after purchasing an additional 12,526 shares during the period. Parallel Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JEPI. Crewe Advisors LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 32.9% during the 4th quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock valued at $2,198,000 after acquiring an additional 9,514 shares in the last quarter. Cascade Wealth Advisors Inc raised its holdings in shares of JPMorgan Equity Premium Income ETF by 5.9% during the third quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock worth $15,237,000 after acquiring an additional 14,899 shares in the last quarter. Clearstead Trust LLC boosted its position in JPMorgan Equity Premium Income ETF by 307.8% during the third quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock valued at $4,539,000 after purchasing an additional 59,999 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its position in JPMorgan Equity Premium Income ETF by 90.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 26,937 shares of the company’s stock valued at $1,542,000 after purchasing an additional 12,790 shares during the last quarter. Finally, Capital Investment Advisory Services LLC grew its stake in JPMorgan Equity Premium Income ETF by 32.7% in the fourth quarter. Capital Investment Advisory Services LLC now owns 225,716 shares of the company’s stock valued at $12,920,000 after purchasing an additional 55,610 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $55.52 on Friday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90. The stock’s 50-day moving average is $56.57 and its two-hundred day moving average is $57.49. The firm has a market cap of $43.99 billion, a P/E ratio of 23.93 and a beta of 0.54.

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.