Parallel Advisors LLC Has $3.33 Million Holdings in JPMorgan Equity Premium Income ETF $JEPI

Parallel Advisors LLC increased its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 27.4% in the fourth quarter, HoldingsChannel reports. The firm owned 58,183 shares of the company’s stock after purchasing an additional 12,526 shares during the period. Parallel Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,330,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JEPI. Wealth Effects LLC lifted its position in JPMorgan Equity Premium Income ETF by 0.6% during the 4th quarter. Wealth Effects LLC now owns 31,606 shares of the company’s stock worth $1,809,000 after acquiring an additional 173 shares during the last quarter. WESPAC Advisors SoCal LLC grew its position in JPMorgan Equity Premium Income ETF by 4.3% in the 4th quarter. WESPAC Advisors SoCal LLC now owns 4,178 shares of the company’s stock worth $239,000 after purchasing an additional 174 shares during the last quarter. Aspen Wealth Strategies LLC increased its stake in JPMorgan Equity Premium Income ETF by 4.5% during the fourth quarter. Aspen Wealth Strategies LLC now owns 4,044 shares of the company’s stock valued at $231,000 after acquiring an additional 174 shares during the period. Morey & Quinn Wealth Partners LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 4.9% during the fourth quarter. Morey & Quinn Wealth Partners LLC now owns 3,722 shares of the company’s stock valued at $213,000 after purchasing an additional 175 shares during the period. Finally, Hurley Capital LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 2.0% during the 3rd quarter. Hurley Capital LLC now owns 9,098 shares of the company’s stock valued at $519,000 after acquiring an additional 177 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $55.52 on Friday. The firm has a market cap of $43.99 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. The stock’s fifty day simple moving average is $56.57 and its 200 day simple moving average is $57.49. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year 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.