Wealth Effects LLC Raises Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Wealth Effects LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,673 shares of the company’s stock after buying an additional 1,420 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 0.9% of Wealth Effects LLC’s portfolio, making the stock its 22nd largest position. Wealth Effects LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,397,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Heritage Wealth Management Inc. bought a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at $978,000. Citigroup Inc. grew its stake in shares of JPMorgan Equity Premium Income ETF by 51.8% in the third quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock worth $8,797,000 after purchasing an additional 50,459 shares during the last quarter. Summit Wealth Partners LLC increased its holdings in JPMorgan Equity Premium Income ETF by 1.3% during the 2nd quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock valued at $4,360,000 after purchasing an additional 957 shares during the period. Newbridge Financial Services Group Inc. raised its position in JPMorgan Equity Premium Income ETF by 106.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 57,886 shares of the company’s stock valued at $3,281,000 after purchasing an additional 29,879 shares during the last quarter. Finally, Brown Financial Advisors bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $3,263,000.

JPMorgan Equity Premium Income ETF Trading Up 0.3 %

Shares of JEPI opened at $59.29 on Tuesday. JPMorgan Equity Premium Income ETF has a 1-year low of $54.77 and a 1-year high of $60.88. The firm has a market capitalization of $34.79 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The firm’s 50-day moving average price is $58.92 and its 200-day moving average price is $58.55.

About JPMorgan Equity Premium Income ETF

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.