Tallon Kerry Patrick Makes New Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Tallon Kerry Patrick bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 30,860 shares of the company’s stock, valued at approximately $1,774,000. JPMorgan Equity Premium Income ETF accounts for about 1.7% of Tallon Kerry Patrick’s investment portfolio, making the stock its 21st largest holding.

Other institutional investors also recently bought and sold shares of the company. Mattern Wealth Management LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 2.2% in the 3rd quarter. Mattern Wealth Management LLC now owns 8,072 shares of the company’s stock valued at $480,000 after acquiring an additional 174 shares during the period. Empirical Asset Management LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 4.0% in the 3rd quarter. Empirical Asset Management LLC now owns 4,675 shares of the company’s stock valued at $278,000 after acquiring an additional 179 shares during the period. Aviance Capital Partners LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 1.1% in the 3rd quarter. Aviance Capital Partners LLC now owns 17,314 shares of the company’s stock valued at $1,030,000 after acquiring an additional 194 shares during the period. Fortis Advisors LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 2.0% in the 4th quarter. Fortis Advisors LLC now owns 10,054 shares of the company’s stock valued at $578,000 after acquiring an additional 196 shares during the period. Finally, Hudock Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 4.5% in the 3rd quarter. Hudock Inc. now owns 4,608 shares of the company’s stock valued at $274,000 after acquiring an additional 199 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $58.25 on Friday. The stock has a market capitalization of $34.18 billion, a P/E ratio of 24.40 and a beta of 0.53. The company has a 50 day moving average price of $59.07 and a 200 day moving average price of $58.39. JPMorgan Equity Premium Income ETF has a fifty-two week low of $54.72 and a fifty-two week 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.