Riverbend Wealth Management LLC Buys Shares of 33,332 JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Riverbend Wealth Management LLC bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, HoldingsChannel.com reports. The firm bought 33,332 shares of the company’s stock, valued at approximately $1,919,000. JPMorgan Equity Premium Income ETF comprises approximately 1.7% of Riverbend Wealth Management LLC’s holdings, making the stock its 15th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Consolidated Planning Corp lifted its stake in JPMorgan Equity Premium Income ETF by 0.5% in the 4th quarter. Consolidated Planning Corp now owns 33,567 shares of the company’s stock worth $1,931,000 after purchasing an additional 179 shares in the last quarter. Landmark Wealth Management LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 5.1% in the fourth quarter. Landmark Wealth Management LLC now owns 3,833 shares of the company’s stock valued at $221,000 after purchasing an additional 185 shares during the last quarter. Aviance Capital Partners LLC lifted its position in JPMorgan Equity Premium Income ETF by 1.1% during the third quarter. Aviance Capital Partners LLC now owns 17,314 shares of the company’s stock worth $1,030,000 after buying an additional 194 shares in the last quarter. Fortis Advisors LLC boosted its stake in JPMorgan Equity Premium Income ETF by 2.0% during the fourth quarter. Fortis Advisors LLC now owns 10,054 shares of the company’s stock worth $578,000 after buying an additional 196 shares during the last quarter. Finally, Beam Wealth Advisors Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 0.4% during the fourth quarter. Beam Wealth Advisors Inc. now owns 51,249 shares of the company’s stock worth $2,948,000 after buying an additional 196 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 1.4 %

Shares of JEPI opened at $57.39 on Tuesday. JPMorgan Equity Premium Income ETF has a 52-week low of $54.77 and a 52-week high of $60.88. The stock has a fifty day simple moving average of $58.59 and a two-hundred day simple moving average of $58.98. The company has a market capitalization of $38.36 billion, a PE ratio of 25.75 and a beta of 0.61.

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.