Beckerman Institutional LLC Makes New Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Beckerman Institutional LLC purchased a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 23,708 shares of the company’s stock, valued at approximately $1,411,000. JPMorgan Equity Premium Income ETF comprises about 1.2% of Beckerman Institutional LLC’s holdings, making the stock its 23rd biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Salomon & Ludwin LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter worth approximately $25,000. HHM Wealth Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at $28,000. Beaird Harris Wealth Management LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the first quarter valued at $38,000. Centerpoint Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter worth about $43,000. Finally, Brown Lisle Cummings Inc. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 48.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock worth $47,000 after acquiring an additional 255 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 0.6 %

NYSEARCA JEPI opened at $60.01 on Friday. The company has a 50-day moving average price of $59.06 and a two-hundred day moving average price of $57.56. JPMorgan Equity Premium Income ETF has a 52 week low of $53.33 and a 52 week high of $60.10. The stock has a market cap of $35.22 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.