SMART Wealth LLC Has $6.24 Million Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

SMART Wealth LLC lifted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 26.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,434 shares of the company’s stock after purchasing an additional 22,663 shares during the period. JPMorgan Equity Premium Income ETF accounts for approximately 2.2% of SMART Wealth LLC’s investment portfolio, making the stock its 12th biggest holding. SMART Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $6,238,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the third quarter worth approximately $25,000. Ulland Investment Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the 4th quarter worth $31,000. Running Point Capital Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF by 131.2% during the 3rd quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after acquiring an additional 362 shares during the period. Missouri Trust & Investment Co raised its holdings in JPMorgan Equity Premium Income ETF by 737.2% in the 4th quarter. Missouri Trust & Investment Co now owns 720 shares of the company’s stock valued at $41,000 after acquiring an additional 634 shares in the last quarter. Finally, Brown Lisle Cummings Inc. lifted its position in shares of 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 acquiring an additional 255 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $59.04 on Friday. The stock has a market capitalization of $34.65 billion, a P/E ratio of 24.40 and a beta of 0.53. The stock’s fifty day moving average is $58.72 and its 200 day moving average is $58.63. JPMorgan Equity Premium Income ETF has a 52 week low of $54.77 and a 52 week 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.