Stonebridge Financial Group LLC Invests $13.01 Million in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Stonebridge Financial Group LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 226,134 shares of the company’s stock, valued at approximately $13,009,000. JPMorgan Equity Premium Income ETF makes up approximately 1.4% of Stonebridge Financial Group LLC’s portfolio, making the stock its 19th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Essex Financial Services Inc. grew its position in JPMorgan Equity Premium Income ETF by 6.3% in the fourth quarter. Essex Financial Services Inc. now owns 101,837 shares of the company’s stock worth $5,859,000 after acquiring an additional 6,063 shares in the last quarter. Armor Investment Advisors LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 8.4% during the 4th quarter. Armor Investment Advisors LLC now owns 184,336 shares of the company’s stock valued at $10,605,000 after purchasing an additional 14,282 shares in the last quarter. Focus Financial Network Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 36.8% in the 4th quarter. Focus Financial Network Inc. now owns 53,476 shares of the company’s stock valued at $3,097,000 after purchasing an additional 14,387 shares during the last quarter. MADDEN SECURITIES Corp boosted its holdings in JPMorgan Equity Premium Income ETF by 3.7% in the fourth quarter. MADDEN SECURITIES Corp now owns 288,117 shares of the company’s stock worth $16,575,000 after purchasing an additional 10,148 shares in the last quarter. Finally, Principle Wealth Partners LLC increased its position in JPMorgan Equity Premium Income ETF by 1.6% during the fourth quarter. Principle Wealth Partners LLC now owns 112,396 shares of the company’s stock worth $6,466,000 after buying an additional 1,820 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $59.09 on Tuesday. The firm has a market cap of $34.68 billion, a P/E ratio of 24.40 and a beta of 0.53. The stock’s 50-day moving average is $58.65 and its two-hundred day moving average is $58.69. JPMorgan Equity Premium Income ETF has a fifty-two week low of $54.77 and a fifty-two week high of $60.88.

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.