Means Investment CO. Inc. Raises Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Means Investment CO. Inc. grew its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,124 shares of the company’s stock after purchasing an additional 2,031 shares during the quarter. Means Investment CO. Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $3,995,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Empirical Asset Management LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 4.0% during the 3rd quarter. Empirical Asset Management LLC now owns 4,675 shares of the company’s stock worth $278,000 after buying an additional 179 shares during the last quarter. Fluent Financial LLC boosted its holdings in JPMorgan Equity Premium Income ETF by 4.2% in the first quarter. Fluent Financial LLC now owns 4,467 shares of the company’s stock valued at $258,000 after purchasing an additional 181 shares in the last quarter. FSC Wealth Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF by 2.9% in the second quarter. FSC Wealth Advisors LLC now owns 6,774 shares of the company’s stock valued at $384,000 after purchasing an additional 188 shares during the last quarter. Hixon Zuercher LLC raised its holdings in JPMorgan Equity Premium Income ETF by 3.7% during the second quarter. Hixon Zuercher LLC now owns 5,336 shares of the company’s stock worth $302,000 after purchasing an additional 190 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 17.5% during the 1st quarter. Salem Investment Counselors Inc. now owns 1,342 shares of the company’s stock worth $78,000 after buying an additional 200 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA JEPI opened at $59.90 on Friday. The firm’s fifty day moving average price is $58.63 and its 200 day moving average price is $57.27. JPMorgan Equity Premium Income ETF has a 12 month low of $51.38 and a 12 month high of $59.97. The company has a market capitalization of $35.15 billion, a price-to-earnings 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.