Apollon Wealth Management LLC Acquires 110,282 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Apollon Wealth Management LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 19.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 667,073 shares of the company’s stock after purchasing an additional 110,282 shares during the period. JPMorgan Equity Premium Income ETF comprises 1.1% of Apollon Wealth Management LLC’s portfolio, making the stock its 12th biggest holding. Apollon Wealth Management LLC owned about 0.11% of JPMorgan Equity Premium Income ETF worth $39,698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JEPI. Salomon & Ludwin LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter valued at approximately $25,000. HHM Wealth Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $28,000. Beaird Harris Wealth Management LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the first quarter valued at approximately $38,000. Centerpoint Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $43,000. Finally, Brown Lisle Cummings Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 48.0% in the third quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock valued at $47,000 after acquiring an additional 255 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $60.07 on Tuesday. The firm has a market cap of $35.25 billion, a P/E ratio of 24.40 and a beta of 0.53. The firm has a 50 day simple moving average of $59.09 and a 200 day simple moving average of $57.61. JPMorgan Equity Premium Income ETF has a fifty-two week low of $53.67 and a fifty-two week high of $60.20.

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.