JPMorgan Equity Premium Income ETF $JEPI Stock: Traynor Capital Management Inc. Boosts Stake

Traynor Capital Management Inc. boosted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,071,302 shares of the company’s stock after acquiring an additional 27,018 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 2.8% of Traynor Capital Management Inc.’s portfolio, making the stock its 9th largest position. Traynor Capital Management Inc. owned about 0.13% of JPMorgan Equity Premium Income ETF worth $60,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in JEPI. Optima Capital LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 501.0% in the 3rd quarter. Optima Capital LLC now owns 24,371 shares of the company’s stock worth $1,370,000 after acquiring an additional 20,316 shares in the last quarter. Columbia Bank increased its holdings in JPMorgan Equity Premium Income ETF by 11.4% during the 3rd quarter. Columbia Bank now owns 37,563 shares of the company’s stock valued at $2,112,000 after purchasing an additional 3,839 shares in the last quarter. Aviance Capital Partners LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter valued at $974,000. Vise Technologies Inc. increased its holdings in JPMorgan Equity Premium Income ETF by 45.1% during the 3rd quarter. Vise Technologies Inc. now owns 110,708 shares of the company’s stock valued at $6,224,000 after purchasing an additional 34,423 shares in the last quarter. Finally, Global Assets Advisory LLC raised its position in JPMorgan Equity Premium Income ETF by 5.1% in the 3rd quarter. Global Assets Advisory LLC now owns 183,969 shares of the company’s stock valued at $10,357,000 after purchasing an additional 8,854 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $57.56 on Monday. The company has a market cap of $46.19 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The stock has a fifty day moving average price of $56.94 and a two-hundred day moving average price of $57.18. 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 Company 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.