L & S Advisors Inc Buys 1,568 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

L & S Advisors Inc raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,825 shares of the company’s stock after buying an additional 1,568 shares during the period. L & S Advisors Inc’s holdings in JPMorgan Equity Premium Income ETF were worth $853,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in JEPI. Bank of Jackson Hole Trust bought a new position in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $28,000. Duncker Streett & Co. Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $28,000. Ulland Investment Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $31,000. Creative Capital Management Investments LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $32,000. Finally, Crowley Wealth Management Inc. bought a new stake in JPMorgan Equity Premium Income ETF in the 4th quarter worth approximately $32,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $56.68 on Friday. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88. The stock has a 50 day simple moving average of $58.41 and a two-hundred day simple moving average of $58.87. The firm has a market cap of $38.75 billion, a P/E ratio of 24.79 and a beta of 0.61.

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.