Financial Perspectives Inc Increases Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Financial Perspectives Inc raised its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 6.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,718 shares of the company’s stock after acquiring an additional 239 shares during the period. Financial Perspectives Inc’s holdings in JPMorgan Equity Premium Income ETF were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JEPI. Salomon & Ludwin LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $25,000. Bank of Jackson Hole Trust purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth $28,000. Ulland Investment Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth $31,000. Creative Capital Management Investments LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth $32,000. Finally, Running Point Capital Advisors LLC increased 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 purchasing an additional 362 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $59.35 on Wednesday. The firm has a fifty day moving average price of $58.57 and a 200-day moving average price of $58.79. The stock has a market cap of $34.83 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 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.