5T Wealth LLC Invests $1.99 Million in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

5T Wealth LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,593 shares of the company’s stock, valued at approximately $1,990,000. JPMorgan Equity Premium Income ETF accounts for about 1.1% of 5T Wealth LLC’s holdings, making the stock its 28th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in JPMorgan Equity Premium Income ETF by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock valued at $1,332,380,000 after acquiring an additional 3,536,406 shares during the last quarter. HighTower Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF by 2.4% in the third quarter. HighTower Advisors LLC now owns 3,573,526 shares of the company’s stock valued at $212,643,000 after purchasing an additional 83,858 shares during the last quarter. MML Investors Services LLC lifted its position in JPMorgan Equity Premium Income ETF by 16.9% during the third quarter. MML Investors Services LLC now owns 2,610,159 shares of the company’s stock worth $155,331,000 after buying an additional 376,400 shares during the period. Stifel Financial Corp boosted its stake in JPMorgan Equity Premium Income ETF by 7.0% in the 3rd quarter. Stifel Financial Corp now owns 2,088,400 shares of the company’s stock worth $124,281,000 after buying an additional 136,138 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in JPMorgan Equity Premium Income ETF by 28.0% in the 3rd quarter. LPL Financial LLC now owns 1,900,243 shares of the company’s stock worth $113,083,000 after buying an additional 416,013 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $59.17 on Monday. The company has a market cap of $34.72 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12 month low of $54.77 and a 12 month high of $60.88. The company has a 50-day moving average of $58.58 and a 200-day moving average of $58.75.

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.