SMART Wealth LLC Purchases 9,563 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

SMART Wealth LLC boosted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 12.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,771 shares of the company’s stock after acquiring an additional 9,563 shares during the period. JPMorgan Equity Premium Income ETF accounts for 2.0% of SMART Wealth LLC’s portfolio, making the stock its 15th largest position. SMART Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $5,104,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 6,254.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,049,258 shares of the company’s stock valued at $595,000 after acquiring an additional 1,032,746 shares during the period. Eaton Financial Holdings Company LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at approximately $51,202,000. World Investment Advisors LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 748.5% in the 3rd quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock valued at $47,971,000 after acquiring an additional 711,094 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $31,505,000. Finally, Envestnet Asset Management Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 8.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock valued at $402,664,000 after acquiring an additional 539,682 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $59.43 on Monday. The company has a market capitalization of $34.88 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The firm’s 50 day simple moving average is $59.65 and its 200 day simple moving average is $58.16. JPMorgan Equity Premium Income ETF has a fifty-two week low of $54.62 and a fifty-two week high of $60.88.

JPMorgan Equity Premium Income ETF 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.