Cornerstone Advisory LLC Raises Stake in JPMorgan Equity Premium Income ETF $JEPI

Cornerstone Advisory LLC raised its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,030,560 shares of the company’s stock after acquiring an additional 68,589 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 10.9% of Cornerstone Advisory LLC’s portfolio, making the stock its biggest holding. Cornerstone Advisory LLC owned 0.26% of JPMorgan Equity Premium Income ETF worth $115,092,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Walled Lake Planning & Wealth Management LLC increased its stake in JPMorgan Equity Premium Income ETF by 2.7% in the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 6,449 shares of the company’s stock worth $369,000 after purchasing an additional 171 shares in the last quarter. Wealth Effects LLC lifted its stake in JPMorgan Equity Premium Income ETF by 0.6% during the fourth quarter. Wealth Effects LLC now owns 31,606 shares of the company’s stock valued at $1,809,000 after buying an additional 173 shares in the last quarter. WESPAC Advisors SoCal LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 4.3% in the fourth quarter. WESPAC Advisors SoCal LLC now owns 4,178 shares of the company’s stock worth $239,000 after buying an additional 174 shares during the period. Aspen Wealth Strategies LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 4.5% in the fourth quarter. Aspen Wealth Strategies LLC now owns 4,044 shares of the company’s stock worth $231,000 after buying an additional 174 shares during the period. Finally, Morey & Quinn Wealth Partners LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 4.9% in the fourth quarter. Morey & Quinn Wealth Partners LLC now owns 3,722 shares of the company’s stock worth $213,000 after acquiring an additional 175 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.3%

Shares of NYSEARCA:JEPI opened at $56.58 on Wednesday. The company’s fifty day moving average is $56.13 and its two-hundred day moving average is $57.30. The company has a market cap of $45.04 billion, a P/E ratio of 23.93 and a beta of 0.54. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90.

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.