Tenzing Financial LLC Buys New Stake in JPMorgan Equity Premium Income ETF $JEPI

Tenzing Financial LLC bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 291,052 shares of the company’s stock, valued at approximately $16,660,000. JPMorgan Equity Premium Income ETF accounts for about 13.5% of Tenzing Financial LLC’s portfolio, making the stock its biggest holding.

Several other large investors have also recently added to or reduced their stakes in JEPI. Crewe Advisors LLC boosted its stake in JPMorgan Equity Premium Income ETF by 32.9% during the 4th quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock valued at $2,198,000 after purchasing an additional 9,514 shares in the last quarter. Cascade Wealth Advisors Inc boosted its stake in JPMorgan Equity Premium Income ETF by 5.9% during the 3rd quarter. Cascade Wealth Advisors Inc now owns 268,627 shares of the company’s stock valued at $15,237,000 after purchasing an additional 14,899 shares in the last quarter. Clearstead Trust LLC boosted its stake in JPMorgan Equity Premium Income ETF by 307.8% during the 3rd quarter. Clearstead Trust LLC now owns 79,494 shares of the company’s stock valued at $4,539,000 after purchasing an additional 59,999 shares in the last quarter. Capital Investment Advisory Services LLC boosted its stake in JPMorgan Equity Premium Income ETF by 32.7% during the 4th quarter. Capital Investment Advisory Services LLC now owns 225,716 shares of the company’s stock valued at $12,920,000 after purchasing an additional 55,610 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC boosted its stake in JPMorgan Equity Premium Income ETF by 90.4% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 26,937 shares of the company’s stock valued at $1,542,000 after purchasing an additional 12,790 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $56.04 on Monday. The stock has a fifty day moving average price of $56.53 and a two-hundred day moving average price of $57.47. The firm has a market cap of $44.40 billion, a P/E ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90.

About JPMorgan Equity Premium Income ETF

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.