JPMorgan Equity Premium Income ETF $JEPI Shares Acquired by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. increased its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 20.5% during the third quarter, HoldingsChannel.com reports. The fund owned 3,397,321 shares of the company’s stock after acquiring an additional 577,791 shares during the period. JPMorgan Equity Premium Income ETF makes up approximately 5.0% of Confluence Wealth Services Inc.’s holdings, making the stock its 4th largest holding. Confluence Wealth Services Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $190,997,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of JEPI. Envestnet Asset Management Inc. boosted its holdings 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 during the period. Royal Bank of Canada increased 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 purchasing an additional 449,485 shares during the period. Cetera Investment Advisers increased its holdings 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 worth $344,828,000 after purchasing an additional 553,011 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter worth $197,781,000. Finally, Kestra Advisory Services LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 0.6% in the third quarter. Kestra Advisory Services LLC now owns 2,048,222 shares of the company’s stock worth $115,151,000 after buying an additional 11,573 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $57.66 on Wednesday. The company has a market capitalization of $46.24 billion, a PE ratio of 23.93 and a beta of 0.52. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The business’s fifty day moving average is $56.85 and its 200 day moving average is $57.15.

JPMorgan Equity Premium Income ETF 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.