Beam Wealth Advisors Inc. Boosts Stock Position in JPMorgan Equity Premium Income ETF $JEPI

Beam Wealth Advisors Inc. raised its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 63.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,691 shares of the company’s stock after purchasing an additional 39,290 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 1.4% of Beam Wealth Advisors Inc.’s holdings, making the stock its 15th largest holding. Beam Wealth Advisors Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $5,764,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rice Partnership LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 124.5% during the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock worth $26,000 after buying an additional 249 shares in the last quarter. Providence Capital Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $26,000. FNY Investment Advisers LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $28,000. Advocate Investing Services LLC bought a new position in JPMorgan Equity Premium Income ETF during the 1st quarter valued at $28,000. Finally, EQ Wealth Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at $29,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $56.52 on Thursday. The firm has a fifty day moving average of $56.16 and a two-hundred day moving average of $57.33. The firm has a market cap of $44.89 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.

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.