Milestone Asset Management LLC Purchases 7,692 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Milestone Asset Management LLC boosted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,664 shares of the company’s stock after acquiring an additional 7,692 shares during the period. JPMorgan Equity Premium Income ETF accounts for 1.0% of Milestone Asset Management LLC’s portfolio, making the stock its 21st largest position. Milestone Asset Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,119,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $11,785,000. Sequoia Financial Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the 4th quarter worth $315,000. HTLF Bank bought a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at $18,381,000. Resonant Capital Advisors LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth $5,813,000. Finally, Institute for Wealth Management LLC. grew its stake in shares of JPMorgan Equity Premium Income ETF by 10.7% during the fourth quarter. Institute for Wealth Management LLC. now owns 27,523 shares of the company’s stock worth $1,513,000 after purchasing an additional 2,653 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.4 %

NYSEARCA JEPI traded up $0.21 on Monday, reaching $57.82. The company had a trading volume of 2,915,996 shares, compared to its average volume of 3,284,307. JPMorgan Equity Premium Income ETF has a 52 week low of $51.38 and a 52 week high of $57.94. The stock’s 50 day moving average is $56.60 and its 200-day moving average is $56.66. The stock has a market cap of $33.93 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53.

JPMorgan Equity Premium Income ETF Company 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.