Cornerstone Wealth Group LLC Grows Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Cornerstone Wealth Group LLC grew its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,243 shares of the company’s stock after acquiring an additional 2,266 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,180,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Burkett Financial Services LLC purchased a new position in JPMorgan Equity Premium Income ETF during the first quarter worth approximately $35,000. Perritt Capital Management Inc. lifted its position in JPMorgan Equity Premium Income ETF by 44.4% during the third quarter. Perritt Capital Management Inc. now owns 650 shares of the company’s stock worth $35,000 after buying an additional 200 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position in JPMorgan Equity Premium Income ETF by 79.3% during the fourth quarter. Capital Advisors Ltd. LLC now owns 658 shares of the company’s stock worth $36,000 after buying an additional 291 shares in the last quarter. BOK Financial Private Wealth Inc. lifted its position in JPMorgan Equity Premium Income ETF by 400.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 750 shares of the company’s stock worth $42,000 after buying an additional 600 shares in the last quarter. Finally, Roble Belko & Company Inc purchased a new position in JPMorgan Equity Premium Income ETF during the fourth quarter worth approximately $42,000.

JPMorgan Equity Premium Income ETF Price Performance

JPMorgan Equity Premium Income ETF stock traded down $0.06 during trading on Friday, reaching $56.68. 2,478,110 shares of the company were exchanged, compared to its average volume of 3,290,957. JPMorgan Equity Premium Income ETF has a 52-week low of $51.38 and a 52-week high of $57.94. The company has a market capitalization of $33.26 billion, a P/E ratio of 24.40 and a beta of 0.53. The stock’s 50 day simple moving average is $56.59 and its two-hundred day simple moving average is $56.31.

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.