577,791 JPMorgan Equity Premium Income ETF $JEPI Shares Purchased by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. increased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 20.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,397,321 shares of the company’s stock after purchasing an additional 577,791 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 5.0% of Confluence Wealth Services Inc.’s portfolio, making the stock its 4th biggest holding. Confluence Wealth Services Inc. owned 0.42% of JPMorgan Equity Premium Income ETF worth $190,997,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Lido Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 3rd quarter valued at about $29,822,000. Keybank National Association OH purchased a new stake in JPMorgan Equity Premium Income ETF during the third quarter valued at about $770,000. Lynx Capital Group Ltd. ADV purchased a new stake in JPMorgan Equity Premium Income ETF during the third quarter valued at about $562,000. Cornerstone Wealth Management LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 2.6% in the third quarter. Cornerstone Wealth Management LLC now owns 8,793 shares of the company’s stock worth $494,000 after purchasing an additional 224 shares in the last quarter. Finally, Triton Wealth Management PLLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 10.2% in the third quarter. Triton Wealth Management PLLC now owns 40,612 shares of the company’s stock worth $2,336,000 after purchasing an additional 3,774 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.1%

NYSEARCA JEPI opened at $57.66 on Wednesday. The company’s 50 day moving average is $56.85 and its 200-day moving average is $57.15. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The firm has a market cap of $46.24 billion, a P/E ratio of 23.93 and a beta of 0.52.

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.