JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) is Beta Wealth Group Inc.’s 2nd Largest Position

Beta Wealth Group Inc. boosted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 220,232 shares of the company’s stock after purchasing an additional 29,125 shares during the period. JPMorgan Equity Premium Income ETF comprises 5.9% of Beta Wealth Group Inc.’s investment portfolio, making the stock its 2nd largest position. Beta Wealth Group Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $13,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James & Associates increased its stake in shares of JPMorgan Equity Premium Income ETF by 22.2% during the second quarter. Raymond James & Associates now owns 2,421,638 shares of the company’s stock valued at $137,258,000 after buying an additional 439,155 shares during the period. Marshall Financial Group LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 132.0% during the 2nd quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock valued at $6,278,000 after purchasing an additional 63,018 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 39.5% during the second quarter. Sequoia Financial Advisors LLC now owns 15,980 shares of the company’s stock valued at $906,000 after buying an additional 4,524 shares during the period. Heritage Wealth Management Inc. bought a new position in JPMorgan Equity Premium Income ETF in the second quarter worth about $978,000. Finally, Summit Wealth Partners LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 1.3% in the second quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock worth $4,360,000 after buying an additional 957 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $60.01 on Friday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $53.33 and a fifty-two week high of $60.10. The company has a market capitalization of $35.22 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The business’s 50 day moving average price is $59.06 and its two-hundred day moving average price is $57.56.

JPMorgan Equity Premium Income ETF 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.