NewEdge Wealth LLC Has $6.33 Million Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

NewEdge Wealth LLC grew its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,964 shares of the company’s stock after buying an additional 1,378 shares during the quarter. NewEdge Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth approximately $28,000. Ulland Investment Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth approximately $31,000. Creative Capital Management Investments LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth approximately $32,000. Running Point Capital Advisors LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 131.2% during the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after purchasing an additional 362 shares during the period. Finally, Missouri Trust & Investment Co boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 737.2% during the fourth quarter. Missouri Trust & Investment Co now owns 720 shares of the company’s stock worth $41,000 after purchasing an additional 634 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $58.69 on Friday. The stock has a market cap of $39.23 billion, a P/E ratio of 25.75 and a beta of 0.61. The firm has a 50 day simple moving average of $58.62 and a 200 day simple moving average of $58.92. JPMorgan Equity Premium Income ETF has a 52 week low of $54.77 and a 52 week high of $60.88.

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.