Summit Wealth & Retirement Planning Inc. Buys Shares of 3,878 JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Summit Wealth & Retirement Planning Inc. 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 3,878 shares of the company’s stock, valued at approximately $231,000.

Several other large investors also recently modified their holdings of JEPI. Salomon & Ludwin LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $25,000. HHM Wealth Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter valued at approximately $28,000. Beaird Harris Wealth Management LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 1st quarter worth approximately $38,000. Centerpoint Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $43,000. Finally, Brown Lisle Cummings Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 48.0% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock valued at $47,000 after buying an additional 255 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $60.03 on Friday. The company has a market cap of $35.23 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52-week low of $53.33 and a 52-week high of $60.10. The firm’s fifty day moving average is $59.06 and its two-hundred day moving average is $57.57.

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.