Arbor Investment Advisors LLC Invests $248,000 in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Arbor Investment Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,173 shares of the company’s stock, valued at approximately $248,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James & Associates lifted its stake in shares of JPMorgan Equity Premium Income ETF by 22.2% in the 2nd quarter. Raymond James & Associates now owns 2,421,638 shares of the company’s stock worth $137,258,000 after acquiring an additional 439,155 shares during the period. Marshall Financial Group LLC boosted its stake in JPMorgan Equity Premium Income ETF by 132.0% during the 2nd quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock valued at $6,278,000 after purchasing an additional 63,018 shares in the last quarter. Aviance Capital Partners LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 5.4% during the 1st quarter. Aviance Capital Partners LLC now owns 16,100 shares of the company’s stock valued at $932,000 after purchasing an additional 826 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 39.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,980 shares of the company’s stock worth $906,000 after buying an additional 4,524 shares in the last quarter. Finally, Heritage Wealth Management Inc. bought a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at about $978,000.

JPMorgan Equity Premium Income ETF Trading Up 0.2 %

NYSEARCA:JEPI traded up $0.14 during mid-day trading on Monday, reaching $59.37. 1,729,200 shares of the stock were exchanged, compared to its average volume of 3,123,147. JPMorgan Equity Premium Income ETF has a 1-year low of $51.74 and a 1-year high of $59.97. The firm has a market capitalization of $34.84 billion, a PE ratio of 24.40 and a beta of 0.53. The business has a fifty day moving average price of $58.87 and a 200 day moving average price of $57.35.

JPMorgan Equity Premium Income ETF 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.