Global Wealth Management Investment Advisory Inc. Has $17.13 Million Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Global Wealth Management Investment Advisory Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 287,845 shares of the company’s stock after purchasing an additional 12,293 shares during the period. JPMorgan Equity Premium Income ETF comprises 3.7% of Global Wealth Management Investment Advisory Inc.’s holdings, making the stock its 3rd biggest holding. Global Wealth Management Investment Advisory Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $17,130,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JEPI. JPMorgan Chase & Co. raised its position in shares of JPMorgan Equity Premium Income ETF by 3.8% in the 1st quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock worth $1,274,807,000 after acquiring an additional 815,598 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in JPMorgan Equity Premium Income ETF by 8.2% in the second quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock valued at $402,664,000 after purchasing an additional 539,682 shares during the last quarter. Cetera Investment Advisers raised its holdings in JPMorgan Equity Premium Income ETF by 1.3% in the second quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock worth $237,377,000 after purchasing an additional 52,301 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 8.4% during the third quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock valued at $218,105,000 after buying an additional 285,180 shares during the last quarter. Finally, RiverFront Investment Group LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 5.9% in the 2nd quarter. RiverFront Investment Group LLC now owns 3,005,845 shares of the company’s stock valued at $170,371,000 after buying an additional 166,821 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.2 %

Shares of JPMorgan Equity Premium Income ETF stock traded up $0.11 on Tuesday, reaching $58.54. The stock had a trading volume of 463,269 shares, compared to its average volume of 3,114,589. The company has a 50 day moving average price of $58.98 and a 200 day moving average price of $57.46. JPMorgan Equity Premium Income ETF has a 1 year low of $53.33 and a 1 year high of $59.97. The stock has a market capitalization of $34.35 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.