Ellis Investment Partners LLC Purchases 22,522 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Ellis Investment Partners LLC raised its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 12.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 203,192 shares of the company’s stock after buying an additional 22,522 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 2.3% of Ellis Investment Partners LLC’s holdings, making the stock its 11th biggest position. Ellis Investment Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $11,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of JEPI. Alpha Financial Partners LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 45.5% during the 3rd quarter. Alpha Financial Partners LLC now owns 59,653 shares of the company’s stock valued at $3,550,000 after purchasing an additional 18,662 shares in the last quarter. Creative Planning lifted its stake in JPMorgan Equity Premium Income ETF by 44.6% in the third quarter. Creative Planning now owns 139,002 shares of the company’s stock valued at $8,272,000 after buying an additional 42,854 shares during the period. Optimum Investment Advisors grew its position in shares of JPMorgan Equity Premium Income ETF by 23.2% during the 3rd quarter. Optimum Investment Advisors now owns 1,594 shares of the company’s stock worth $95,000 after buying an additional 300 shares during the period. Sax Wealth Advisors LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 50.6% in the 3rd quarter. Sax Wealth Advisors LLC now owns 8,567 shares of the company’s stock valued at $510,000 after acquiring an additional 2,878 shares in the last quarter. Finally, Stratos Wealth Advisors LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 1.0% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 105,717 shares of the company’s stock valued at $6,291,000 after acquiring an additional 1,010 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 0.2 %

Shares of NYSEARCA JEPI opened at $59.17 on Friday. JPMorgan Equity Premium Income ETF has a 12-month low of $54.77 and a 12-month high of $60.88. The firm has a market cap of $34.72 billion, a PE ratio of 24.40 and a beta of 0.53. The company’s fifty day simple moving average is $58.58 and its 200 day simple moving average is $58.74.

JPMorgan Equity Premium Income ETF Company 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.