Pinnacle Wealth Management Advisory Group LLC Grows Position in JPMorgan Equity Premium Income ETF $JEPI

Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 411,924 shares of the company’s stock after purchasing an additional 29,972 shares during the quarter. JPMorgan Equity Premium Income ETF comprises 1.6% of Pinnacle Wealth Management Advisory Group LLC’s investment portfolio, making the stock its 14th biggest holding. Pinnacle Wealth Management Advisory Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $23,348,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rice Partnership LLC lifted its position in JPMorgan Equity Premium Income ETF by 124.5% during the fourth quarter. Rice Partnership LLC now owns 449 shares of the company’s stock valued at $26,000 after buying an additional 249 shares during the period. Providence Capital Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at $26,000. FNY Investment Advisers LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $28,000. EQ Wealth Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $29,000. Finally, Monetary Solutions Ltd bought a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $30,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.16 on Friday. JPMorgan Equity Premium Income ETF has a 1 year low of $55.10 and a 1 year high of $59.90. The firm has a market cap of $44.50 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. The company has a 50-day moving average of $56.31 and a 200 day moving average of $57.38.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.