JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Stock Position Raised by Essex Financial Services Inc.

Essex Financial Services Inc. increased its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 6.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 101,837 shares of the company’s stock after purchasing an additional 6,063 shares during the period. Essex Financial Services Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $5,859,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at $295,000. Alpha Financial Partners LLC boosted its position in JPMorgan Equity Premium Income ETF by 45.5% during the 3rd quarter. Alpha Financial Partners LLC now owns 59,653 shares of the company’s stock worth $3,550,000 after acquiring an additional 18,662 shares during the period. Valeo Financial Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 3rd quarter valued at about $229,000. Concourse Financial Group Securities Inc. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 9.3% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 37,478 shares of the company’s stock valued at $2,230,000 after purchasing an additional 3,195 shares during the period. Finally, Armstrong Advisory Group Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 4.6% in the third quarter. Armstrong Advisory Group Inc. now owns 33,632 shares of the company’s stock worth $2,001,000 after purchasing an additional 1,480 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $59.09 on Tuesday. The firm has a 50 day simple moving average of $58.65 and a 200 day simple moving average of $58.69. JPMorgan Equity Premium Income ETF has a 52 week low of $54.77 and a 52 week high of $60.88. The stock has a market cap of $34.68 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.