Strategic Family Wealth Counselors L.L.C. Buys 1,424 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Strategic Family Wealth Counselors L.L.C. raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 16.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,907 shares of the company’s stock after buying an additional 1,424 shares during the period. Strategic Family Wealth Counselors L.L.C.’s holdings in JPMorgan Equity Premium Income ETF were worth $590,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JEPI. Raymond James & Associates increased its stake in JPMorgan Equity Premium Income ETF by 22.2% in the second quarter. Raymond James & Associates now owns 2,421,638 shares of the company’s stock valued at $137,258,000 after purchasing an additional 439,155 shares in the last quarter. Marshall Financial Group LLC increased its stake in JPMorgan Equity Premium Income ETF by 132.0% in the 2nd quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock valued at $6,278,000 after buying an additional 63,018 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in JPMorgan Equity Premium Income ETF by 39.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,980 shares of the company’s stock worth $906,000 after buying an additional 4,524 shares in the last quarter. Heritage Wealth Management Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth about $978,000. Finally, Summit Wealth Partners LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 1.3% in the 2nd quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock valued at $4,360,000 after acquiring an additional 957 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.5 %

Shares of NYSEARCA:JEPI traded up $0.32 during midday trading on Friday, reaching $59.99. The company had a trading volume of 698,511 shares, compared to its average volume of 3,131,663. The business’s 50 day moving average price is $59.04 and its 200 day moving average price is $57.53. JPMorgan Equity Premium Income ETF has a 1-year low of $53.33 and a 1-year high of $60.00. The stock has a market cap of $35.20 billion, a PE 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.