Thrivent Financial for Lutherans Raises Position in JPMorgan Equity Premium Income ETF $JEPI

Thrivent Financial for Lutherans boosted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 195,162 shares of the company’s stock after buying an additional 30,621 shares during the quarter. Thrivent Financial for Lutherans’ holdings in JPMorgan Equity Premium Income ETF were worth $11,288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter worth about $28,000. EQ Wealth Advisors LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $29,000. BTG Pactual Asset Management US LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $31,000. Logan Capital Management Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $33,000. Finally, VSM Wealth Advisory LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 84.1% during the third quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $56.08 on Wednesday. The firm has a 50 day moving average price of $56.91 and a 200-day moving average price of $57.57. JPMorgan Equity Premium Income ETF has a 52-week low of $55.15 and a 52-week high of $59.90. The firm has a market capitalization of $44.43 billion, a price-to-earnings ratio of 23.93 and a beta of 0.56.

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.