JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Shares Purchased by Channel Wealth LLC

Channel Wealth LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 14.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,645 shares of the company’s stock after purchasing an additional 15,407 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 2.2% of Channel Wealth LLC’s holdings, making the stock its 10th biggest holding. Channel Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,883,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of JEPI. Heritage Wealth Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth $978,000. Citigroup Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 51.8% during the third quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock worth $8,797,000 after buying an additional 50,459 shares during the last quarter. Summit Wealth Partners LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock worth $4,360,000 after buying an additional 957 shares during the period. Horizon Advisory Services Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 0.5% in the 2nd quarter. Horizon Advisory Services Inc. now owns 472,229 shares of the company’s stock valued at $26,766,000 after acquiring an additional 2,158 shares during the last quarter. Finally, Brown Financial Advisors bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $3,263,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $58.25 on Friday. JPMorgan Equity Premium Income ETF has a 52-week low of $54.72 and a 52-week high of $60.88. The stock has a market cap of $34.18 billion, a P/E ratio of 24.40 and a beta of 0.53. The firm has a 50 day moving average price of $59.05 and a 200 day moving average price of $58.39.

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.