NewEdge Advisors LLC Has $44.12 Million Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

NewEdge Advisors LLC grew its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 14.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 778,360 shares of the company’s stock after acquiring an additional 96,857 shares during the period. NewEdge Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $44,117,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Morgan Stanley raised its holdings in shares of JPMorgan Equity Premium Income ETF by 0.6% during the 4th quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock valued at $2,703,692,000 after purchasing an additional 261,872 shares in the last quarter. Bank of America Corp DE boosted its holdings in JPMorgan Equity Premium Income ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after purchasing an additional 690,960 shares in the last quarter. Royal Bank of Canada boosted its holdings in JPMorgan Equity Premium Income ETF by 5.7% in the first quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after purchasing an additional 449,485 shares in the last quarter. Raymond James Financial Inc. increased its position in JPMorgan Equity Premium Income ETF by 11.4% during the fourth quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after buying an additional 825,889 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in JPMorgan Equity Premium Income ETF by 0.7% during the fourth quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock worth $405,826,000 after buying an additional 51,190 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $57.59 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 $56.42 and its two-hundred day moving average is $57.19. The firm has a market cap of $45.93 billion, a P/E ratio of 23.93 and a beta of 0.53.

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.