Bay Colony Advisory Group Inc d b a Bay Colony Advisors Raises Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 214,637 shares of the company’s stock after purchasing an additional 15,186 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 1.4% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ portfolio, making the stock its 14th biggest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in JPMorgan Equity Premium Income ETF were worth $12,256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in JEPI. Mattern Wealth Management LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 1.8% during the second quarter. Mattern Wealth Management LLC now owns 10,082 shares of the company’s stock worth $573,000 after buying an additional 178 shares in the last quarter. BOS Asset Management LLC boosted its stake in JPMorgan Equity Premium Income ETF by 3.5% during the 3rd quarter. BOS Asset Management LLC now owns 5,213 shares of the company’s stock valued at $298,000 after acquiring an additional 178 shares during the last quarter. Highline Wealth Partners LLC boosted its stake in JPMorgan Equity Premium Income ETF by 13.5% during the 2nd quarter. Highline Wealth Partners LLC now owns 1,518 shares of the company’s stock valued at $86,000 after acquiring an additional 180 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 9.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,221 shares of the company’s stock worth $126,000 after acquiring an additional 183 shares in the last quarter. Finally, SimpliFi Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 2.6% in the 2nd quarter. SimpliFi Inc. now owns 7,345 shares of the company’s stock worth $418,000 after purchasing an additional 186 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $58.25 on Friday. The stock has a market capitalization of $42.34 billion, a price-to-earnings ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a one year low of $49.94 and a one year high of $59.73. The company’s 50-day simple moving average is $57.27 and its 200-day simple moving average is $56.98.

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.