Assetmark Inc. Increases Position in JPMorgan Equity Premium Income ETF $JEPI

Assetmark Inc. raised its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 16.1% in the first quarter, Holdings Channel reports. The fund owned 138,785 shares of the company’s stock after buying an additional 19,261 shares during the period. Assetmark Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $7,866,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of JEPI. Clearstead Trust LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 1.2% during the 1st quarter. Clearstead Trust LLC now owns 130,161 shares of the company’s stock worth $7,378,000 after acquiring an additional 1,552 shares during the period. Thayer Partners LLC MA boosted its holdings in JPMorgan Equity Premium Income ETF by 6.1% in the 1st quarter. Thayer Partners LLC MA now owns 98,395 shares of the company’s stock valued at $5,577,000 after purchasing an additional 5,687 shares during the last quarter. Independent Financial Group LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 1st quarter valued at about $8,737,000. Prosperity Consulting Group LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 7.1% in the 1st quarter. Prosperity Consulting Group LLC now owns 1,370,824 shares of the company’s stock valued at $77,698,000 after buying an additional 90,875 shares during the period. Finally, Helium Advisors LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 11.3% during the 1st quarter. Helium Advisors LLC now owns 37,786 shares of the company’s stock worth $2,142,000 after buying an additional 3,839 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $56.39 on Tuesday. The firm has a market cap of $44.99 billion, a PE ratio of 23.93 and a beta of 0.54. The firm’s 50 day moving average price is $56.17 and its 200-day moving average price is $57.26. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year 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.