Schaeffer Financial LLC Purchases New Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Schaeffer Financial LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,792 shares of the company’s stock, valued at approximately $218,000. JPMorgan Equity Premium Income ETF comprises about 0.2% of Schaeffer Financial LLC’s investment portfolio, making the stock its 16th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in JPMorgan Equity Premium Income ETF during the 3rd quarter valued at about $25,000. Bank of Jackson Hole Trust bought a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $28,000. Ulland Investment Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $31,000. Creative Capital Management Investments LLC bought a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $32,000. Finally, Running Point Capital Advisors LLC lifted its holdings in 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 valued at $38,000 after purchasing an additional 362 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $59.71 on Friday. JPMorgan Equity Premium Income ETF has a 12-month low of $54.77 and a 12-month high of $60.88. The company has a market capitalization of $35.04 billion, a P/E ratio of 24.40 and a beta of 0.53. The firm has a 50-day moving average price of $58.57 and a 200 day moving average price of $58.80.

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.