New Wave Wealth Advisors LLC Makes New $124,000 Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

New Wave Wealth Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,154 shares of the company’s stock, valued at approximately $124,000.

Several other institutional investors also recently made changes to their positions in the stock. Salomon & Ludwin LLC acquired a new position in JPMorgan Equity Premium Income ETF during the 3rd quarter valued at about $25,000. Ulland Investment Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at approximately $31,000. Running Point Capital Advisors LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 131.2% during the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after buying an additional 362 shares during the period. Missouri Trust & Investment Co grew its holdings in JPMorgan Equity Premium Income ETF by 737.2% in the 4th quarter. Missouri Trust & Investment Co now owns 720 shares of the company’s stock worth $41,000 after buying an additional 634 shares in the last quarter. Finally, Brown Lisle Cummings Inc. increased its position in JPMorgan Equity Premium Income ETF by 48.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock valued at $47,000 after acquiring an additional 255 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JPMorgan Equity Premium Income ETF stock opened at $58.97 on Friday. 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 capitalization of $34.61 billion, a P/E ratio of 24.40 and a beta of 0.53. The business’s fifty day moving average price is $58.86 and its two-hundred day moving average price is $58.59.

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.