Orgel Wealth Management LLC Boosts Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Orgel Wealth Management LLC grew its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 91.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 24,209 shares of the company’s stock after buying an additional 11,569 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 0.0% of Orgel Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding. Orgel Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,367,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Morgan Stanley grew its stake in JPMorgan Equity Premium Income ETF by 0.6% in the 4th quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock valued at $2,703,692,000 after buying an additional 261,872 shares in the last quarter. Bank of America Corp DE lifted its position in shares of JPMorgan Equity Premium Income ETF by 2.1% during the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after acquiring an additional 690,960 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 5.7% in the first quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after acquiring an additional 449,485 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 11.4% in the fourth quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after acquiring an additional 825,889 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of JPMorgan Equity Premium Income ETF by 10.0% in the first quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock valued at $344,828,000 after purchasing an additional 553,011 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $57.84 on Thursday. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The firm has a market cap of $46.13 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. The business’s fifty day moving average is $56.60 and its 200 day moving average is $57.17.

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.