JPMorgan Equity Premium Income ETF $JEPI Stock: RDA Financial Network Boosts Position

RDA Financial Network grew its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 13.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,036 shares of the company’s stock after buying an additional 10,215 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 1.1% of RDA Financial Network’s investment portfolio, making the stock its 23rd largest holding. RDA Financial Network’s holdings in JPMorgan Equity Premium Income ETF were worth $5,006,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. NBH Bank acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter worth about $27,000. Advocate Investing Services LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the first quarter valued at approximately $28,000. Monetary Solutions Ltd acquired a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $30,000. Olistico Wealth LLC bought a new position in JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $35,000. Finally, Provenance Wealth Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the 1st quarter worth approximately $42,000.

JPMorgan Equity Premium Income ETF Stock Up 0.5%

JEPI stock traded up $0.26 during trading on Thursday, hitting $57.13. 2,861,455 shares of the company’s stock traded hands, compared to its average volume of 5,126,589. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90. The stock has a fifty day moving average price of $57.05 and a two-hundred day moving average price of $56.73. The stock has a market capitalization of $45.89 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53.

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.