Apollon Wealth Management LLC Raises Stake in JPMorgan Equity Premium Income ETF $JEPI

Apollon Wealth Management LLC raised its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 804,512 shares of the company’s stock after purchasing an additional 61,425 shares during the quarter. Apollon Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $45,600,000 as of its most recent filing with the SEC.

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

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $56.16 on Monday. The stock has a market capitalization of $44.50 billion, a PE ratio of 23.93 and a beta of 0.54. The company has a fifty day moving average of $56.31 and a 200-day moving average of $57.38. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one 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.