JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Shares Purchased by Archer Investment Corp

Archer Investment Corp increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 102.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,130 shares of the company’s stock after buying an additional 32,454 shares during the quarter. JPMorgan Equity Premium Income ETF comprises 1.0% of Archer Investment Corp’s holdings, making the stock its 19th largest position. Archer Investment Corp’s holdings in JPMorgan Equity Premium Income ETF were worth $3,816,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in JEPI. Raymond James & Associates grew its stake in shares of 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 buying an additional 439,155 shares in the last quarter. Marshall Financial Group LLC grew its holdings in shares of 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 worth $6,278,000 after acquiring an additional 63,018 shares during the period. Sequoia Financial Advisors LLC grew its holdings 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 valued at $906,000 after buying an additional 4,524 shares during the last quarter. Heritage Wealth Management Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth $978,000. Finally, Summit Wealth Partners LLC raised its position 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 worth $4,360,000 after buying an additional 957 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 0.3 %

Shares of JPMorgan Equity Premium Income ETF stock traded down $0.17 during trading hours on Friday, hitting $59.61. 270,101 shares of the company’s stock traded hands, compared to its average volume of 3,125,513. The stock has a 50 day simple moving average of $59.20 and a 200-day simple moving average of $57.66. The company has a market cap of $34.98 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a twelve month low of $54.17 and a twelve month high of $60.20.

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.