Davies Financial Advisors Inc. Makes New $304,000 Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Davies Financial Advisors Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the third quarter, Holdings Channel.com reports. The fund purchased 5,106 shares of the company’s stock, valued at approximately $304,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Guardian Wealth Advisors LLC NC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 2.5% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 393,786 shares of the company’s stock worth $21,651,000 after acquiring an additional 9,480 shares in the last quarter. Childress Capital Advisors LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 43.8% during the fourth quarter. Childress Capital Advisors LLC now owns 302,413 shares of the company’s stock worth $16,627,000 after acquiring an additional 92,078 shares in the last quarter. Secured Retirement Advisors LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth $773,000. Voisard Asset Management Group Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth $140,000. Finally, Sunpointe LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth $1,195,000.

JPMorgan Equity Premium Income ETF Trading Up 0.4 %

NYSEARCA JEPI traded up $0.25 during trading on Friday, hitting $59.40. 1,073,181 shares of the company traded hands, compared to its average volume of 3,157,356. JPMorgan Equity Premium Income ETF has a 12 month low of $51.38 and a 12 month high of $59.58. The business has a fifty day simple moving average of $58.16 and a 200 day simple moving average of $57.18. The company has a market capitalization of $34.86 billion, a P/E ratio of 24.40 and a beta of 0.53.

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.