Financial Management Network Inc. Has $2.73 Million Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Financial Management Network Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,130 shares of the company’s stock after purchasing an additional 6,242 shares during the quarter. Financial Management Network Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $2,729,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of JEPI. HHM Wealth Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth $28,000. Larson Financial Group LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 129.8% during the 1st quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock worth $32,000 after buying an additional 314 shares during the last quarter. Morris Financial Concepts Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 114.1% during the 1st quarter. Morris Financial Concepts Inc. now owns 621 shares of the company’s stock worth $36,000 after buying an additional 331 shares during the last quarter. Beaird Harris Wealth Management LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth $38,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 105.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 716 shares of the company’s stock worth $41,000 after buying an additional 367 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock traded up $0.20 on Friday, hitting $59.59. 473,061 shares of the company’s stock were exchanged, compared to its average volume of 3,119,482. JPMorgan Equity Premium Income ETF has a 12 month low of $51.38 and a 12 month high of $59.97. The stock has a market cap of $34.97 billion, a P/E ratio of 24.40 and a beta of 0.53. The company has a 50 day moving average of $58.84 and a 200 day moving average of $57.33.

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.