JPMorgan Equity Premium Income ETF $JEPI Stock: Beam Wealth Advisors Inc. Grows Stake

Beam Wealth Advisors Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 16.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,871 shares of the company’s stock after purchasing an additional 18,408 shares during the quarter. JPMorgan Equity Premium Income ETF comprises about 1.6% of Beam Wealth Advisors Inc.’s investment portfolio, making the stock its 14th biggest position. Beam Wealth Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $7,301,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Henderson Brothers Financial Partners LLC increased its position in JPMorgan Equity Premium Income ETF by 12.3% during the third quarter. Henderson Brothers Financial Partners LLC now owns 84,916 shares of the company’s stock worth $4,774,000 after buying an additional 9,330 shares during the last quarter. Endowment Wealth Management Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 48.5% in the third quarter. Endowment Wealth Management Inc. now owns 12,944 shares of the company’s stock worth $728,000 after buying an additional 4,229 shares during the last quarter. StoneX Group Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter worth about $1,602,000. Leelyn Smith LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 3.1% in the third quarter. Leelyn Smith LLC now owns 122,908 shares of the company’s stock worth $6,910,000 after buying an additional 3,716 shares during the last quarter. Finally, Formidable Asset Management LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 13.4% during the 3rd quarter. Formidable Asset Management LLC now owns 10,533 shares of the company’s stock worth $595,000 after acquiring an additional 1,244 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $56.43 on Friday. The company has a market cap of $45.32 billion, a PE ratio of 23.93 and a beta of 0.52. The stock has a 50-day moving average of $56.85 and a 200-day moving average of $57.15. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-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.