Fairway Wealth LLC Acquires 42,316 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Fairway Wealth LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 59.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 114,064 shares of the company’s stock after purchasing an additional 42,316 shares during the quarter. JPMorgan Equity Premium Income ETF comprises 3.8% of Fairway Wealth LLC’s portfolio, making the stock its 11th biggest holding. Fairway Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,465,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in JEPI. HHM Wealth Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter valued at about $28,000. Larson Financial Group LLC boosted its stake in JPMorgan Equity Premium Income ETF by 129.8% during the first quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock valued at $32,000 after buying an additional 314 shares during the last quarter. Burkett Financial Services LLC bought a new position in JPMorgan Equity Premium Income ETF during the first quarter valued at approximately $35,000. Morris Financial Concepts Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 114.1% during the 1st quarter. Morris Financial Concepts Inc. now owns 621 shares of the company’s stock valued at $36,000 after buying an additional 331 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 1st quarter worth approximately $38,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $59.04 on Tuesday. The stock has a market capitalization of $34.65 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1 year low of $51.38 and a 1 year high of $59.10. The business’s 50 day simple moving average is $57.34 and its 200-day simple moving average is $56.93.

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.