Elevation Point Wealth Partners LLC Has $24.66 Million Stock Holdings in JPMorgan Equity Premium Income ETF $JEPI

Elevation Point Wealth Partners LLC raised its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 1,191.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 434,984 shares of the company’s stock after buying an additional 401,307 shares during the period. Elevation Point Wealth Partners LLC owned about 0.06% of JPMorgan Equity Premium Income ETF worth $24,655,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in JEPI. Brighton Jones LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at $402,000. AQR Capital Management LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 28.1% in the first quarter. AQR Capital Management LLC now owns 84,790 shares of the company’s stock valued at $4,845,000 after acquiring an additional 18,619 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in JPMorgan Equity Premium Income ETF in the first quarter worth about $847,000. Schnieders Capital Management LLC. acquired a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth about $3,093,000. Finally, First Trust Advisors LP bought a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $529,000.

JPMorgan Equity Premium Income ETF Trading Up 1.1%

JPMorgan Equity Premium Income ETF stock opened at $56.71 on Friday. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The company has a market cap of $44.90 billion, a PE ratio of 23.93 and a beta of 0.54. The company’s 50-day moving average is $56.21 and its two-hundred day moving average is $57.35.

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.