Merit Financial Group LLC Boosts Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Merit Financial Group LLC grew its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2,384.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 187,898 shares of the company’s stock after acquiring an additional 180,334 shares during the period. Merit Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $10,810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JEPI. Salomon & Ludwin LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $25,000. Running Point Capital Advisors LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 131.2% in the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after buying an additional 362 shares during the last quarter. Brown Lisle Cummings Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 48.0% during the third quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock worth $47,000 after acquiring an additional 255 shares during the period. Pathway Financial Advisers LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the third quarter worth about $49,000. Finally, Abound Wealth Management raised its position in JPMorgan Equity Premium Income ETF by 1,320.8% during the fourth quarter. Abound Wealth Management now owns 1,094 shares of the company’s stock valued at $63,000 after acquiring an additional 1,017 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.4 %

Shares of NYSEARCA:JEPI opened at $58.50 on Friday. The company has a market capitalization of $34.33 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12-month low of $54.77 and a 12-month high of $60.88. The business has a 50 day moving average of $59.02 and a two-hundred day moving average of $58.41.

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.