Apollon Wealth Management LLC Has $44.27 Million Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Apollon Wealth Management LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 769,584 shares of the company’s stock after purchasing an additional 102,511 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 1.0% of Apollon Wealth Management LLC’s holdings, making the stock its 15th largest position. Apollon Wealth Management LLC owned approximately 0.13% of JPMorgan Equity Premium Income ETF worth $44,274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JEPI. Salomon & Ludwin LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 3rd quarter worth about $25,000. Ulland Investment Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF in the fourth quarter worth approximately $31,000. Running Point Capital Advisors LLC raised its position in JPMorgan Equity Premium Income ETF by 131.2% during the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock valued at $38,000 after acquiring an additional 362 shares in the last quarter. Missouri Trust & Investment Co lifted its stake in JPMorgan Equity Premium Income ETF by 737.2% in the fourth quarter. Missouri Trust & Investment Co now owns 720 shares of the company’s stock valued at $41,000 after acquiring an additional 634 shares during the last quarter. Finally, Brown Lisle Cummings Inc. grew its position in 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 worth $47,000 after acquiring an additional 255 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $58.79 on Friday. The business’s 50-day simple moving average is $58.68 and its 200-day simple moving average is $58.64. JPMorgan Equity Premium Income ETF has a 52 week low of $54.77 and a 52 week high of $60.88. The firm has a market cap of $34.50 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

JPMorgan Equity Premium Income ETF Company 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.