AdvisorNet Financial Inc Has $18.25 Million Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

AdvisorNet Financial Inc grew its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 13.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 321,993 shares of the company’s stock after purchasing an additional 36,930 shares during the quarter. AdvisorNet Financial Inc’s holdings in JPMorgan Equity Premium Income ETF were worth $18,251,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Summit Wealth Partners LLC raised its position in JPMorgan Equity Premium Income ETF by 2.0% during the first quarter. Summit Wealth Partners LLC now owns 82,303 shares of the company’s stock worth $4,665,000 after acquiring an additional 1,625 shares in the last quarter. Matthew Goff Investment Advisor LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 1st quarter valued at about $14,325,000. Financial Management Network Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 5.9% in the 1st quarter. Financial Management Network Inc. now owns 61,691 shares of the company’s stock valued at $3,566,000 after acquiring an additional 3,410 shares during the period. PMG Family Office LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 5.6% during the 1st quarter. PMG Family Office LLC now owns 38,286 shares of the company’s stock worth $2,170,000 after purchasing an additional 2,015 shares during the last quarter. Finally, XML Financial LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 11.9% during the 1st quarter. XML Financial LLC now owns 30,610 shares of the company’s stock worth $1,735,000 after purchasing an additional 3,250 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $56.07 on Tuesday. JPMorgan Equity Premium Income ETF has a 52-week low of $55.10 and a 52-week high of $59.90. The stock has a market cap of $44.43 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. The firm’s 50-day moving average is $56.44 and its 200-day moving average is $57.42.

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.