JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) is Confluence Wealth Services Inc.’s 4th Largest Position

Confluence Wealth Services Inc. increased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,583,959 shares of the company’s stock after buying an additional 167,702 shares during the quarter. JPMorgan Equity Premium Income ETF comprises about 6.1% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 4th biggest position. Confluence Wealth Services Inc. owned 0.27% of JPMorgan Equity Premium Income ETF worth $93,675,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at $25,000. Ulland Investment Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter valued at $31,000. Running Point Capital Advisors LLC raised its position in JPMorgan Equity Premium Income ETF by 131.2% in the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock valued at $38,000 after purchasing an additional 362 shares during the period. Missouri Trust & Investment Co lifted its stake in shares of JPMorgan Equity Premium Income ETF by 737.2% during the fourth quarter. Missouri Trust & Investment Co now owns 720 shares of the company’s stock worth $41,000 after purchasing an additional 634 shares in the last quarter. Finally, Brown Lisle Cummings Inc. boosted its position 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 worth $47,000 after buying an additional 255 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $58.62 on Wednesday. The firm has a market cap of $34.40 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88. The stock has a 50-day simple moving average of $58.78 and a 200-day simple moving average of $58.63.

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.