PKS Advisory Services LLC Makes New $1.91 Million Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

PKS Advisory Services LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 33,179 shares of the company’s stock, valued at approximately $1,909,000.

Several other institutional investors and hedge funds also recently made changes to their positions in JEPI. Consolidated Planning Corp raised its stake in shares of JPMorgan Equity Premium Income ETF by 0.5% during the 4th quarter. Consolidated Planning Corp now owns 33,567 shares of the company’s stock valued at $1,931,000 after purchasing an additional 179 shares during the period. Landmark Wealth Management LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 5.1% in the fourth quarter. Landmark Wealth Management LLC now owns 3,833 shares of the company’s stock worth $221,000 after buying an additional 185 shares in the last quarter. Fortis Advisors LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 2.0% in the fourth 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. Beam Wealth Advisors Inc. grew its stake in JPMorgan Equity Premium Income ETF by 0.4% during the fourth quarter. Beam Wealth Advisors Inc. now owns 51,249 shares of the company’s stock valued at $2,948,000 after acquiring an additional 196 shares in the last quarter. Finally, Lakeridge Wealth Management LLC increased its holdings in JPMorgan Equity Premium Income ETF by 2.7% during the 4th quarter. Lakeridge Wealth Management LLC now owns 7,850 shares of the company’s stock worth $452,000 after acquiring an additional 206 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 1.2 %

Shares of NYSEARCA JEPI opened at $57.79 on Tuesday. The firm has a market capitalization of $39.51 billion, a P/E ratio of 24.79 and a beta of 0.61. The stock’s 50-day simple moving average is $58.47 and its two-hundred day simple moving average is $58.89. JPMorgan Equity Premium Income ETF has a twelve month low of $54.77 and a twelve month high of $60.88.

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.