Pinnacle Wealth Management Advisory Group LLC Grows Position in JPMorgan Equity Premium Income ETF $JEPI

Pinnacle Wealth Management Advisory Group LLC grew its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 428,862 shares of the company’s stock after acquiring an additional 16,938 shares during the quarter. JPMorgan Equity Premium Income ETF comprises approximately 1.4% of Pinnacle Wealth Management Advisory Group LLC’s portfolio, making the stock its 14th biggest holding. Pinnacle Wealth Management Advisory Group LLC owned approximately 0.05% of JPMorgan Equity Premium Income ETF worth $24,222,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JEPI. Nottingham Advisors Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 21.6% in the 1st quarter. Nottingham Advisors Inc. now owns 816,880 shares of the company’s stock worth $46,301,000 after buying an additional 144,966 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,692,604 shares of the company’s stock worth $154,125,000 after acquiring an additional 36,106 shares during the period. Armstrong Advisory Group Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 60.7% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 75,535 shares of the company’s stock worth $4,266,000 after acquiring an additional 28,517 shares during the period. Plus Group Wealth Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth approximately $548,000. Finally, PNC Financial Services Group Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 13.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,650,864 shares of the company’s stock valued at $94,495,000 after purchasing an additional 191,240 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $56.87 on Wednesday. JPMorgan Equity Premium Income ETF has a one year low of $55.10 and a one year high of $59.90. The company has a 50 day moving average price of $57.24 and a 200 day moving average price of $57.02. The firm has a market capitalization of $45.36 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53.

About JPMorgan Equity Premium Income ETF

(Free Report)

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.

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