Walter & Keenan Wealth Management LLC IN ADV Raises Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Walter & Keenan Wealth Management LLC IN ADV lifted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 30.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 64,666 shares of the company’s stock after acquiring an additional 14,969 shares during the period. JPMorgan Equity Premium Income ETF makes up 1.1% of Walter & Keenan Wealth Management LLC IN ADV’s holdings, making the stock its 23rd biggest holding. Walter & Keenan Wealth Management LLC IN ADV’s holdings in JPMorgan Equity Premium Income ETF were worth $3,720,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter worth $25,000. Ulland Investment Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth about $31,000. Running Point Capital Advisors LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 131.2% in the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after acquiring an additional 362 shares in the last quarter. Missouri Trust & Investment Co boosted its holdings in JPMorgan Equity Premium Income ETF by 737.2% in the fourth quarter. Missouri Trust & Investment Co now owns 720 shares of the company’s stock valued at $41,000 after purchasing an additional 634 shares during the last quarter. Finally, Brown Lisle Cummings Inc. grew its stake in JPMorgan Equity Premium Income ETF by 48.0% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock valued at $47,000 after purchasing an additional 255 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.4 %

JEPI stock opened at $58.79 on Monday. The company has a market capitalization of $34.50 billion, a PE ratio of 24.40 and a beta of 0.53. The stock’s 50 day moving average is $58.68 and its two-hundred day moving average is $58.67. JPMorgan Equity Premium Income ETF has a 52-week low of $54.77 and a 52-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.