Sugar Maple Asset Management LLC Invests $94,000 in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Sugar Maple Asset Management LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,628 shares of the company’s stock, valued at approximately $94,000.

Several other institutional investors also recently modified their holdings of JEPI. JPMorgan Chase & Co. grew its position in shares of JPMorgan Equity Premium Income ETF by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after buying an additional 3,536,406 shares during the period. Eaton Financial Holdings Company LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $51,202,000. World Investment Advisors LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 748.5% during the 3rd quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock worth $47,971,000 after buying an additional 711,094 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $31,505,000. Finally, Marks Wealth LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $29,284,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $58.50 on Tuesday. JPMorgan Equity Premium Income ETF has a one year low of $54.77 and a one year high of $60.88. The company has a 50 day moving average of $58.99 and a 200-day moving average of $58.45. The stock has a market cap of $34.33 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.