Arcus Capital Partners LLC Increases Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Arcus Capital Partners LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 532.7% during the third quarter, HoldingsChannel reports. The firm owned 51,260 shares of the company’s stock after purchasing an additional 43,158 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 1.1% of Arcus Capital Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Arcus Capital Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $3,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James & Associates boosted its stake in JPMorgan Equity Premium Income ETF by 22.2% in the second quarter. Raymond James & Associates now owns 2,421,638 shares of the company’s stock valued at $137,258,000 after acquiring an additional 439,155 shares during the last quarter. Marshall Financial Group LLC grew its holdings in JPMorgan Equity Premium Income ETF by 132.0% during the second quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock valued at $6,278,000 after purchasing an additional 63,018 shares during the period. Sequoia Financial Advisors LLC grew its holdings in JPMorgan Equity Premium Income ETF by 39.5% during the second quarter. Sequoia Financial Advisors LLC now owns 15,980 shares of the company’s stock valued at $906,000 after purchasing an additional 4,524 shares during the period. Heritage Wealth Management Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the second quarter worth $978,000. Finally, Summit Wealth Partners LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 1.3% in the second quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock valued at $4,360,000 after buying an additional 957 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $60.07 on Tuesday. The stock has a fifty day moving average of $59.09 and a 200-day moving average of $57.61. JPMorgan Equity Premium Income ETF has a fifty-two week low of $53.67 and a fifty-two week high of $60.20. The company has a market capitalization of $35.25 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

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.