Confluence Wealth Services Inc. Buys 107,483 Shares of JPMorgan Equity Premium Income ETF $JEPI

Confluence Wealth Services Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,961,535 shares of the company’s stock after purchasing an additional 107,483 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 5.5% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 4th biggest position. Confluence Wealth Services Inc. owned approximately 0.27% of JPMorgan Equity Premium Income ETF worth $112,004,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. First National Advisers LLC increased its stake in JPMorgan Equity Premium Income ETF by 3.7% during the 3rd quarter. First National Advisers LLC now owns 223,698 shares of the company’s stock worth $12,773,000 after buying an additional 8,057 shares in the last quarter. Clear Point Advisors Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 7.8% in the third quarter. Clear Point Advisors Inc. now owns 5,404 shares of the company’s stock valued at $309,000 after acquiring an additional 392 shares in the last quarter. 4WEALTH Advisors Inc. boosted its stake in shares of JPMorgan Equity Premium Income ETF by 15.5% in the third quarter. 4WEALTH Advisors Inc. now owns 77,111 shares of the company’s stock worth $4,403,000 after acquiring an additional 10,365 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 1.0% during the third quarter. Kingstone Capital Partners Texas LLC now owns 61,864 shares of the company’s stock worth $3,532,000 after purchasing an additional 603 shares in the last quarter. Finally, MAS Advisors LLC raised its stake in JPMorgan Equity Premium Income ETF by 3.3% in the 3rd quarter. MAS Advisors LLC now owns 42,972 shares of the company’s stock valued at $2,454,000 after purchasing an additional 1,360 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $58.41 on Friday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $59.73. The stock’s fifty day moving average is $57.47 and its two-hundred day moving average is $57.04. The firm has a market capitalization of $42.62 billion, a P/E ratio of 23.93 and a beta of 0.60.

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.