B.A. Schrock Wealth Management Inc. Purchases 123,828 Shares of JPMorgan Equity Premium Income ETF $JEPI

B.A. Schrock Wealth Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 123,828 shares of the company’s stock, valued at approximately $6,926,000. JPMorgan Equity Premium Income ETF accounts for approximately 2.3% of B.A. Schrock Wealth Management Inc.’s portfolio, making the stock its 10th biggest position.

Several other hedge funds have also modified their holdings of JEPI. Envestnet Asset Management Inc. raised its position in JPMorgan Equity Premium Income ETF by 1.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,312,713 shares of the company’s stock valued at $638,942,000 after purchasing an additional 146,792 shares in the last quarter. Royal Bank of Canada grew its position in shares of JPMorgan Equity Premium Income ETF by 5.7% during the first quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after buying an additional 449,485 shares in the last quarter. Cetera Investment Advisers grew its position in shares of JPMorgan Equity Premium Income ETF by 10.0% during the first quarter. Cetera Investment Advisers now owns 6,083,774 shares of the company’s stock worth $344,828,000 after buying an additional 553,011 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 4.0% during the first quarter. Janney Montgomery Scott LLC now owns 2,800,288 shares of the company’s stock worth $158,720,000 after buying an additional 107,684 shares in the last quarter. Finally, Cornerstone Advisory LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 3.5% during the first quarter. Cornerstone Advisory LLC now owns 2,030,560 shares of the company’s stock worth $115,092,000 after buying an additional 68,589 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $56.87 on Thursday. The company’s 50 day moving average price is $57.05 and its 200 day moving average price is $56.73. The firm has a market capitalization of $45.68 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a fifty-two week low of $55.10 and a fifty-two week high of $59.90.

JPMorgan Equity Premium Income ETF Company 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.