Independent Wealth Network Inc. Has $2.09 Million Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Independent Wealth Network Inc. grew its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 16.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,302 shares of the company’s stock after buying an additional 5,248 shares during the period. Independent Wealth Network Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $2,088,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JEPI. JPMorgan Chase & Co. boosted its holdings in JPMorgan Equity Premium Income ETF by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after buying an additional 3,536,406 shares during the last quarter. Eaton Financial Holdings Company LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter valued at about $51,202,000. World Investment Advisors LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 748.5% during the 3rd quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock valued at $47,971,000 after purchasing an additional 711,094 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $31,505,000. Finally, Marks Wealth LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter valued at about $29,284,000.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $58.87 on Thursday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $54.77 and a fifty-two week high of $60.88. The stock has a market capitalization of $34.55 billion, a PE ratio of 24.40 and a beta of 0.53. The business’s 50-day simple moving average is $58.94 and its 200-day simple moving average is $58.47.

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.