Lake Street Private Wealth LLC Increases Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Lake Street Private Wealth LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 9.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 136,526 shares of the company’s stock after purchasing an additional 11,640 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 1.1% of Lake Street Private Wealth LLC’s portfolio, making the stock its 17th largest position. Lake Street Private Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $7,899,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wealth Management Partners LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 2.0% during the fourth quarter. Wealth Management Partners LLC now owns 9,820 shares of the company’s stock valued at $540,000 after acquiring an additional 195 shares in the last quarter. Paragon Private Wealth Management LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 2.3% during the fourth quarter. Paragon Private Wealth Management LLC now owns 8,628 shares of the company’s stock valued at $474,000 after acquiring an additional 196 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 21.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,126 shares of the company’s stock valued at $62,000 after acquiring an additional 200 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 17.5% during the first quarter. Salem Investment Counselors Inc. now owns 1,342 shares of the company’s stock valued at $78,000 after acquiring an additional 200 shares in the last quarter. Finally, Penbrook Management LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 4.0% during the first quarter. Penbrook Management LLC now owns 5,150 shares of the company’s stock valued at $298,000 after acquiring an additional 200 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.1 %

Shares of JPMorgan Equity Premium Income ETF stock traded down $0.05 on Wednesday, hitting $56.15. 2,345,786 shares of the company traded hands, compared to its average volume of 3,278,742. The stock’s 50 day moving average price is $56.58 and its 200-day moving average price is $56.34. JPMorgan Equity Premium Income ETF has a 52 week low of $51.38 and a 52 week high of $57.94. The company has a market cap of $32.95 billion, a PE ratio of 24.40 and a beta of 0.53.

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.