Equita Financial Network Inc. Acquires Shares of 3,665 JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Equita Financial Network Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 2nd quarter, HoldingsChannel reports. The fund bought 3,665 shares of the company’s stock, valued at approximately $208,000.

A number of other large investors have also recently modified their holdings of JEPI. Asset Allocation Strategies LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 3.6% during the fourth quarter. Asset Allocation Strategies LLC now owns 7,245 shares of the company’s stock worth $398,000 after buying an additional 253 shares during the last quarter. Global Trust Asset Management LLC increased its holdings in JPMorgan Equity Premium Income ETF by 146.8% in the 1st quarter. Global Trust Asset Management LLC now owns 1,513 shares of the company’s stock worth $88,000 after purchasing an additional 900 shares in the last quarter. Mosley Wealth Management bought a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at about $578,000. Optimum Investment Advisors boosted its stake in shares of JPMorgan Equity Premium Income ETF by 331.3% during the first quarter. Optimum Investment Advisors now owns 1,294 shares of the company’s stock valued at $75,000 after purchasing an additional 994 shares in the last quarter. Finally, Napa Wealth Management bought a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth about $1,254,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JPMorgan Equity Premium Income ETF stock traded up $0.28 on Friday, hitting $58.83. The stock had a trading volume of 2,154,035 shares, compared to its average volume of 3,235,844. The stock has a 50 day moving average of $56.93 and a 200 day moving average of $56.79. JPMorgan Equity Premium Income ETF has a twelve month low of $51.38 and a twelve month high of $58.85. The firm has a market capitalization of $34.52 billion, a P/E ratio of 24.40 and a beta of 0.53.

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.