JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Shares Bought by Fairway Wealth LLC

Fairway Wealth LLC grew its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 12.9% during the third quarter, HoldingsChannel reports. The firm owned 128,774 shares of the company’s stock after purchasing an additional 14,710 shares during the quarter. JPMorgan Equity Premium Income ETF comprises approximately 3.3% of Fairway Wealth LLC’s portfolio, making the stock its 11th biggest holding. Fairway Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $7,663,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JEPI. Raymond James & Associates lifted its holdings 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 valued at $137,258,000 after buying an additional 439,155 shares during the period. Marshall Financial Group LLC boosted its position in shares of 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 worth $6,278,000 after purchasing an additional 63,018 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 39.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,980 shares of the company’s stock worth $906,000 after purchasing an additional 4,524 shares in the last quarter. Heritage Wealth Management Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at about $978,000. Finally, Summit Wealth Partners LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 1.3% in the second quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock valued at $4,360,000 after purchasing an additional 957 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 0.6 %

JEPI stock opened at $60.01 on Friday. The company’s 50-day moving average price is $59.06 and its 200 day moving average price is $57.56. JPMorgan Equity Premium Income ETF has a 52 week low of $53.33 and a 52 week high of $60.10. The company has a market cap of $35.22 billion, a P/E 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.