Institute for Wealth Management LLC. Raises Holdings in JPMorgan Equity Premium Income ETF $JEPI

Institute for Wealth Management LLC. increased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 25,634 shares of the company’s stock after buying an additional 909 shares during the period. Institute for Wealth Management LLC.’s holdings in JPMorgan Equity Premium Income ETF were worth $1,457,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in JEPI. Brighton Jones LLC purchased a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $402,000. Fiduciary Alliance LLC raised its position in JPMorgan Equity Premium Income ETF by 40.7% in the first quarter. Fiduciary Alliance LLC now owns 5,741 shares of the company’s stock valued at $328,000 after purchasing an additional 1,662 shares during the period. Merit Financial Group LLC raised its position in JPMorgan Equity Premium Income ETF by 3.4% in the first quarter. Merit Financial Group LLC now owns 194,201 shares of the company’s stock valued at $11,097,000 after purchasing an additional 6,303 shares during the period. HBW Advisory Services LLC raised its position in JPMorgan Equity Premium Income ETF by 5.1% in the first quarter. HBW Advisory Services LLC now owns 548,219 shares of the company’s stock valued at $31,325,000 after purchasing an additional 26,849 shares during the period. Finally, RFG Advisory LLC raised its position in JPMorgan Equity Premium Income ETF by 12.9% in the first quarter. RFG Advisory LLC now owns 64,882 shares of the company’s stock valued at $3,707,000 after purchasing an additional 7,434 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $57.10 on Wednesday. The business’s 50-day moving average is $56.78 and its two-hundred day moving average is $56.14. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $60.88. The firm has a market capitalization of $41.21 billion, a PE ratio of 23.93 and a beta of 0.62.

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.