Global Wealth Management Investment Advisory Inc. Has $19.68 Million Position in JPMorgan Equity Premium Income ETF $JEPI

Global Wealth Management Investment Advisory Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 344,672 shares of the company’s stock after purchasing an additional 12,958 shares during the period. JPMorgan Equity Premium Income ETF accounts for 3.3% of Global Wealth Management Investment Advisory Inc.’s portfolio, making the stock its 4th biggest position. Global Wealth Management Investment Advisory Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $19,681,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eastern Bank grew its position in shares of JPMorgan Equity Premium Income ETF by 2.6% during the 3rd quarter. Eastern Bank now owns 139,591 shares of the company’s stock valued at $7,971,000 after buying an additional 3,541 shares during the last quarter. WealthPlan Investment Management LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 1.3% during the third quarter. WealthPlan Investment Management LLC now owns 32,884 shares of the company’s stock valued at $1,878,000 after purchasing an additional 423 shares during the last quarter. WESPAC Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $284,000. GWN Securities Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 8.4% during the 3rd quarter. GWN Securities Inc. now owns 14,416 shares of the company’s stock worth $823,000 after purchasing an additional 1,117 shares during the period. Finally, Retirement Planning Group LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 30.7% during the 3rd quarter. Retirement Planning Group LLC now owns 78,974 shares of the company’s stock worth $4,509,000 after purchasing an additional 18,572 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $58.25 on Wednesday. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $59.73. The firm has a market capitalization of $42.31 billion, a P/E ratio of 23.93 and a beta of 0.60. The business has a 50 day simple moving average of $57.35 and a 200 day simple moving average of $57.01.

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.