Bright Futures Wealth Management LLC. Has $1.63 Million Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Bright Futures Wealth Management LLC. boosted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 427.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,590 shares of the company’s stock after acquiring an additional 22,355 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 1.5% of Bright Futures Wealth Management LLC.’s portfolio, making the stock its 21st largest position. Bright Futures Wealth Management LLC.’s holdings in JPMorgan Equity Premium Income ETF were worth $1,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of JEPI. JPMorgan Chase & Co. raised its stake in JPMorgan Equity Premium Income ETF by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after acquiring an additional 3,536,406 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 4,498.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,301,762 shares of the company’s stock valued at $74,890,000 after buying an additional 1,273,452 shares in the last quarter. Eaton Financial Holdings Company LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter valued at $51,202,000. World Investment Advisors LLC increased its position in JPMorgan Equity Premium Income ETF by 748.5% in the third quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock worth $47,971,000 after purchasing an additional 711,094 shares during the period. Finally, Marks Wealth LLC acquired a new stake in JPMorgan Equity Premium Income ETF in the third quarter worth about $29,284,000.

JPMorgan Equity Premium Income ETF Trading Up 0.4 %

Shares of NYSEARCA:JEPI opened at $59.28 on Friday. The stock has a market capitalization of $34.79 billion, a P/E 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 business has a 50-day moving average price of $58.60 and a two-hundred day moving average price of $58.72.

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.