742,932 Shares of JPMorgan Equity Premium Income ETF $JEPI Acquired by Oakworth Capital Inc.

Oakworth Capital Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 3rd quarter, Holdings Channel reports. The fund bought 742,932 shares of the company’s stock, valued at approximately $41,768,000. JPMorgan Equity Premium Income ETF accounts for 2.0% of Oakworth Capital Inc.’s portfolio, making the stock its 16th largest position.

A number of other hedge funds have also added to or reduced their stakes in JEPI. Hamilton Capital LLC acquired a new position in JPMorgan Equity Premium Income ETF in the third quarter valued at approximately $84,219,000. Foguth Wealth Management LLC. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 366.7% during the 1st quarter. Foguth Wealth Management LLC. now owns 919,518 shares of the company’s stock worth $51,530,000 after buying an additional 722,490 shares in the last quarter. Brookstone Capital Management bought a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $33,302,000. Cetera Investment Advisers boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 10.0% during the 1st quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after buying an additional 553,011 shares in the last quarter. Finally, Capital Investment Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $27,717,000.

JPMorgan Equity Premium Income ETF Stock Up 0.3%

Shares of JEPI stock opened at $57.23 on Wednesday. The firm has a 50 day moving average of $56.95 and a 200-day moving average of $57.19. The company has a market cap of $45.88 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90.

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.