NewEdge Advisors LLC Buys 66,767 Shares of JPMorgan Equity Premium Income ETF $JEPI

NewEdge Advisors LLC boosted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 9.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 748,270 shares of the company’s stock after buying an additional 66,767 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 0.8% of NewEdge Advisors LLC’s investment portfolio, making the stock its 18th largest position. NewEdge Advisors LLC owned 0.09% of JPMorgan Equity Premium Income ETF worth $42,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Bull Harbor Capital LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at $356,000. Arkadios Wealth Advisors increased its position in shares of JPMorgan Equity Premium Income ETF by 390.1% during the 1st quarter. Arkadios Wealth Advisors now owns 606,352 shares of the company’s stock worth $34,368,000 after purchasing an additional 482,640 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 5.1% during the 1st quarter. Sunbelt Securities Inc. now owns 19,147 shares of the company’s stock worth $1,085,000 after purchasing an additional 925 shares in the last quarter. Talon Private Wealth LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth about $301,000. Finally, Royal Bank of Canada lifted its holdings in JPMorgan Equity Premium Income ETF by 5.7% during the 1st quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock valued at $474,201,000 after purchasing an additional 449,485 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 1.0%

NYSEARCA:JEPI opened at $56.92 on Thursday. The firm has a market cap of $45.41 billion, a PE ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90. The company’s 50-day moving average price is $56.28 and its two-hundred day moving average price is $57.22.

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.