Traynor Capital Management Inc. Buys 27,018 Shares of JPMorgan Equity Premium Income ETF $JEPI

Traynor Capital Management Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,071,302 shares of the company’s stock after purchasing an additional 27,018 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 2.8% of Traynor Capital Management Inc.’s investment portfolio, making the stock its 9th biggest position. Traynor Capital Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $60,229,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Legacy Private Trust Co. bought a new position in JPMorgan Equity Premium Income ETF in the third quarter valued at approximately $2,602,000. Private Client Services LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter valued at $3,694,000. Studio Investment Management LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 194.0% in the 2nd quarter. Studio Investment Management LLC now owns 54,050 shares of the company’s stock valued at $3,053,000 after purchasing an additional 35,668 shares during the period. Community Financial Services Group LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at $6,319,000. Finally, Tucker Asset Management LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 42.1% during the second quarter. Tucker Asset Management LLC now owns 34,008 shares of the company’s stock worth $1,921,000 after purchasing an additional 10,075 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $57.56 on Monday. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90. The business’s 50-day moving average price is $56.94 and its two-hundred day moving average price is $57.18. The firm has a market capitalization of $46.19 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53.

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.