Traynor Capital Management Inc. Acquires 136,642 Shares of JPMorgan Equity Premium Income ETF $JEPI

Traynor Capital Management Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 937,037 shares of the company’s stock after acquiring an additional 136,642 shares during the quarter. JPMorgan Equity Premium Income ETF comprises 2.9% of Traynor Capital Management Inc.’s holdings, making the stock its 8th largest holding. Traynor Capital Management Inc. owned approximately 0.13% of JPMorgan Equity Premium Income ETF worth $53,636,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Clarity Asset Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $25,000. Asset Dedication LLC purchased a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $28,000. BTG Pactual Asset Management US LLC acquired a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at about $31,000. Logan Capital Management Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the third quarter valued at about $33,000. Finally, VSM Wealth Advisory LLC boosted its stake in 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 worth $34,000 after buying an additional 269 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $56.73 on Thursday. JPMorgan Equity Premium Income ETF has a 1-year low of $49.94 and a 1-year high of $59.90. The stock has a market cap of $41.81 billion, a PE ratio of 23.93 and a beta of 0.60. The firm has a 50-day simple moving average of $58.41 and a two-hundred day simple moving average of $57.60.

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.