BCS Wealth Management Buys New Shares in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

BCS Wealth Management bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,025 shares of the company’s stock, valued at approximately $1,030,000.

Several other institutional investors have also recently added to or reduced their stakes in JEPI. Potentia Wealth purchased a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $447,000. Florida Financial Advisors LLC grew its position in JPMorgan Equity Premium Income ETF by 54.3% during the fourth quarter. Florida Financial Advisors LLC now owns 7,014 shares of the company’s stock valued at $404,000 after acquiring an additional 2,468 shares during the period. US Bancorp DE grew its position in JPMorgan Equity Premium Income ETF by 28.0% during the fourth quarter. US Bancorp DE now owns 28,673 shares of the company’s stock valued at $1,650,000 after acquiring an additional 6,273 shares during the period. Clarity Wealth Advisors LLC grew its position in JPMorgan Equity Premium Income ETF by 0.7% during the fourth quarter. Clarity Wealth Advisors LLC now owns 55,688 shares of the company’s stock valued at $3,204,000 after acquiring an additional 401 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in JPMorgan Equity Premium Income ETF by 15.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,439 shares of the company’s stock valued at $198,000 after acquiring an additional 470 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 0.5%

JEPI stock opened at $56.03 on Friday. The stock has a 50-day moving average price of $54.99 and a two-hundred day moving average price of $57.34. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $60.88. The company has a market cap of $39.88 billion, a PE ratio of 24.45 and a beta of 0.60.

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.