Drive Wealth Management LLC Has $1.37 Million Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Drive Wealth Management LLC lifted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 18.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,615 shares of the company’s stock after buying an additional 3,686 shares during the period. Drive Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,368,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Heritage Wealth Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter worth $978,000. Citigroup Inc. boosted its position in JPMorgan Equity Premium Income ETF by 51.8% during the third quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock valued at $8,797,000 after purchasing an additional 50,459 shares during the last quarter. Summit Wealth Partners LLC boosted its position in JPMorgan Equity Premium Income ETF by 1.3% during the second quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock valued at $4,360,000 after purchasing an additional 957 shares during the last quarter. Brown Financial Advisors acquired a new stake in JPMorgan Equity Premium Income ETF during the second quarter valued at $3,263,000. Finally, Newbridge Financial Services Group Inc. boosted its position in JPMorgan Equity Premium Income ETF by 106.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 57,886 shares of the company’s stock valued at $3,281,000 after purchasing an additional 29,879 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Down 0.1 %

JEPI opened at $59.10 on Monday. The stock has a market cap of $34.68 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88. The stock has a fifty day moving average price of $58.93 and a 200 day moving average price of $58.53.

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.