MFG Wealth Management Inc. Takes Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

MFG Wealth Management Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,564 shares of the company’s stock, valued at approximately $320,000.

Other large investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter worth $25,000. Ulland Investment Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth about $31,000. Running Point Capital Advisors LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 131.2% during the 3rd quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after purchasing an additional 362 shares in the last quarter. Missouri Trust & Investment Co lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 737.2% during the 4th quarter. Missouri Trust & Investment Co now owns 720 shares of the company’s stock valued at $41,000 after buying an additional 634 shares during the last quarter. Finally, Brown Lisle Cummings Inc. grew its stake in shares of JPMorgan Equity Premium Income ETF by 48.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock valued at $47,000 after buying an additional 255 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $59.04 on Thursday. The company has a market capitalization of $34.65 billion, a P/E ratio of 24.40 and a beta of 0.53. The stock’s 50 day moving average price is $58.61 and its 200 day moving average price is $58.71. JPMorgan Equity Premium Income ETF has a 52 week low of $54.77 and a 52 week high of $60.88.

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.