Independent Financial Group LLC Purchases New Position in JPMorgan Equity Premium Income ETF $JEPI

Independent Financial Group LLC purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 1st quarter, Holdings Channel.com reports. The fund purchased 154,145 shares of the company’s stock, valued at approximately $8,737,000.

Several other institutional investors have also modified their holdings of the stock. Prosperity Consulting Group LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 7.1% in the 1st quarter. Prosperity Consulting Group LLC now owns 1,370,824 shares of the company’s stock valued at $77,698,000 after buying an additional 90,875 shares during the last quarter. Helium Advisors LLC boosted its stake in JPMorgan Equity Premium Income ETF by 11.3% in the first quarter. Helium Advisors LLC now owns 37,786 shares of the company’s stock valued at $2,142,000 after acquiring an additional 3,839 shares in the last quarter. Gaddis Premier Wealth Advisors LLC boosted its stake in JPMorgan Equity Premium Income ETF by 27.3% in the first quarter. Gaddis Premier Wealth Advisors LLC now owns 6,843 shares of the company’s stock valued at $388,000 after acquiring an additional 1,469 shares in the last quarter. Quartz Partners LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 93.7% during the first quarter. Quartz Partners LLC now owns 18,148 shares of the company’s stock worth $1,029,000 after purchasing an additional 8,781 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 30.9% during the first quarter. Wealthfront Advisers LLC now owns 267,421 shares of the company’s stock worth $15,157,000 after purchasing an additional 63,131 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $56.98 on Friday. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90. The stock has a market capitalization of $45.36 billion, a P/E ratio of 23.93 and a beta of 0.54. The business’s 50-day simple moving average is $56.15 and its 200-day simple moving average is $57.28.

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.