Galvin Gaustad & Stein LLC Has $1.81 Million Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Galvin Gaustad & Stein LLC boosted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.9% in the third quarter, Holdings Channel reports. The firm owned 30,358 shares of the company’s stock after purchasing an additional 1,131 shares during the period. Galvin Gaustad & Stein LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,807,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of JEPI. SpiderRock Advisors LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at $1,935,000. Beckerman Institutional LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter worth about $1,411,000. Strategic Family Wealth Counselors L.L.C. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 16.8% in the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 9,907 shares of the company’s stock worth $590,000 after acquiring an additional 1,424 shares in the last quarter. Heritage Wealth Management Inc. raised its position in shares of JPMorgan Equity Premium Income ETF by 9.6% during the third quarter. Heritage Wealth Management Inc. now owns 19,014 shares of the company’s stock worth $1,132,000 after purchasing an additional 1,673 shares during the period. Finally, Smith Thornton Advisors LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 4.2% during the 3rd quarter. Smith Thornton Advisors LLC now owns 4,956 shares of the company’s stock valued at $295,000 after purchasing an additional 200 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $60.01 on Friday. The stock has a 50 day simple moving average of $59.06 and a 200 day simple moving average of $57.56. JPMorgan Equity Premium Income ETF has a 52-week low of $53.33 and a 52-week high of $60.10. The firm has a market capitalization of $35.22 billion, a PE ratio of 24.40 and a beta of 0.53.

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.