Traynor Capital Management Inc. Has $5.26 Million Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Traynor Capital Management Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,343 shares of the company’s stock after purchasing an additional 3,626 shares during the quarter. Traynor Capital Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $5,255,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Salomon & Ludwin LLC bought a new position in JPMorgan Equity Premium Income ETF in the third quarter valued at approximately $25,000. Ulland Investment Advisors LLC acquired a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth $31,000. Running Point Capital Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF by 131.2% in the 3rd quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock valued at $38,000 after buying an additional 362 shares during the last quarter. Missouri Trust & Investment Co grew its stake in JPMorgan Equity Premium Income ETF by 737.2% in the fourth quarter. Missouri Trust & Investment Co now owns 720 shares of the company’s stock valued at $41,000 after purchasing an additional 634 shares in the last quarter. Finally, Brown Lisle Cummings Inc. increased 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 buying an additional 255 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

JEPI stock opened at $58.87 on Thursday. The company has a fifty day moving average price of $58.94 and a two-hundred day moving average price of $58.47. The stock has a market cap of $34.55 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a one year low of $54.77 and a one year high of $60.88.

About JPMorgan Equity Premium Income ETF

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.