JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) is Lebenthal Global Advisors LLC’s 2nd Largest Position

Lebenthal Global Advisors LLC boosted its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 621,186 shares of the company’s stock after purchasing an additional 13,634 shares during the quarter. JPMorgan Equity Premium Income ETF comprises about 6.5% of Lebenthal Global Advisors LLC’s portfolio, making the stock its 2nd biggest position. Lebenthal Global Advisors LLC owned 0.11% of JPMorgan Equity Premium Income ETF worth $35,737,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Heritage Wealth Management Inc. bought a new stake in JPMorgan Equity Premium Income ETF during the second quarter valued at about $978,000. Citigroup Inc. raised its stake in shares of JPMorgan Equity Premium Income ETF by 51.8% during the 3rd quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock worth $8,797,000 after acquiring an additional 50,459 shares in the last quarter. Summit Wealth Partners LLC lifted its position in JPMorgan Equity Premium Income ETF by 1.3% during the second quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock valued at $4,360,000 after acquiring an additional 957 shares during the last quarter. Brown Financial Advisors purchased a new position in JPMorgan Equity Premium Income ETF in the second quarter worth $3,263,000. Finally, Newbridge Financial Services Group Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 106.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 57,886 shares of the company’s stock worth $3,281,000 after purchasing an additional 29,879 shares in the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $58.99 on Monday. The stock’s fifty day moving average price is $58.93 and its 200 day moving average price is $58.53. JPMorgan Equity Premium Income ETF has a 1-year low of $54.77 and a 1-year high of $60.88. The company has a market cap of $34.62 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.