1 North Wealth Services LLC Buys 20,204 Shares of JPMorgan Equity Premium Income ETF $JEPI

1 North Wealth Services LLC raised its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 284,292 shares of the company’s stock after purchasing an additional 20,204 shares during the quarter. JPMorgan Equity Premium Income ETF comprises 5.7% of 1 North Wealth Services LLC’s holdings, making the stock its biggest position. 1 North Wealth Services LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $16,273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of JEPI. Morgan Stanley increased its stake in shares of JPMorgan Equity Premium Income ETF by 0.6% in the fourth quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock worth $2,703,692,000 after acquiring an additional 261,872 shares during the period. Bank of America Corp DE increased its stake in shares of JPMorgan Equity Premium Income ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after acquiring an additional 690,960 shares during the period. Raymond James Financial Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 2.8% in the third quarter. Raymond James Financial Inc. now owns 7,273,381 shares of the company’s stock worth $415,310,000 after acquiring an additional 201,202 shares during the period. Nationwide Fund Advisors increased its stake in shares of JPMorgan Equity Premium Income ETF by 0.7% in the fourth quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock worth $405,826,000 after acquiring an additional 51,190 shares during the period. Finally, RiverFront Investment Group LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 24.0% in the fourth quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock worth $217,778,000 after acquiring an additional 737,043 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $56.04 on Friday. The firm has a market capitalization of $44.40 billion, a P/E ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 1-year low of $55.10 and a 1-year high of $59.90. The company’s fifty day moving average price is $56.53 and its 200-day moving average price is $57.47.

About JPMorgan Equity Premium Income ETF

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.