Red Crane Wealth Management LLC Makes New $1.19 Million Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Red Crane Wealth Management LLC acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,744 shares of the company’s stock, valued at approximately $1,193,000. JPMorgan Equity Premium Income ETF comprises approximately 1.1% of Red Crane Wealth Management LLC’s investment portfolio, making the stock its 26th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of JPMorgan Equity Premium Income ETF by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after acquiring an additional 3,536,406 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 2.4% in the third quarter. HighTower Advisors LLC now owns 3,573,526 shares of the company’s stock valued at $212,643,000 after purchasing an additional 83,858 shares during the period. MML Investors Services LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 16.9% in the third quarter. MML Investors Services LLC now owns 2,610,159 shares of the company’s stock worth $155,331,000 after purchasing an additional 376,400 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 7.0% during the third quarter. Stifel Financial Corp now owns 2,088,400 shares of the company’s stock worth $124,281,000 after purchasing an additional 136,138 shares during the period. Finally, LPL Financial LLC increased its holdings in JPMorgan Equity Premium Income ETF by 28.0% in the 3rd quarter. LPL Financial LLC now owns 1,900,243 shares of the company’s stock worth $113,083,000 after buying an additional 416,013 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $59.24 on Wednesday. The company has a market capitalization of $39.60 billion, a P/E ratio of 25.75 and a beta of 0.61. The firm’s fifty day simple moving average is $58.57 and its 200-day simple moving average is $58.92. JPMorgan Equity Premium Income ETF has a 12 month low of $54.77 and a 12 month high of $60.88.

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.