SteelPeak Wealth LLC Raises Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

SteelPeak Wealth LLC increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 9.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 36,443 shares of the company’s stock after buying an additional 3,196 shares during the quarter. SteelPeak Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $2,169,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Raymond James & Associates grew its position in shares of JPMorgan Equity Premium Income ETF by 22.2% during the 2nd quarter. Raymond James & Associates now owns 2,421,638 shares of the company’s stock valued at $137,258,000 after acquiring an additional 439,155 shares during the period. Marshall Financial Group LLC grew its holdings in JPMorgan Equity Premium Income ETF by 132.0% during the second quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock valued at $6,278,000 after purchasing an additional 63,018 shares during the period. Sequoia Financial Advisors LLC increased its position in JPMorgan Equity Premium Income ETF by 39.5% in the second quarter. Sequoia Financial Advisors LLC now owns 15,980 shares of the company’s stock worth $906,000 after buying an additional 4,524 shares during the last quarter. Heritage Wealth Management Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth $978,000. Finally, Summit Wealth Partners LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 1.3% in the second quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock valued at $4,360,000 after buying an additional 957 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $59.14 on Thursday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $52.13 and a fifty-two week high of $59.97. The stock has a fifty day moving average of $58.96 and a 200-day moving average of $57.41. The company has a market capitalization of $34.71 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.