Meridian Wealth Management LLC Buys 1,945 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Meridian Wealth Management LLC increased its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,141 shares of the company’s stock after purchasing an additional 1,945 shares during the period. Meridian Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,101,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Consolidated Planning Corp increased its position in shares of JPMorgan Equity Premium Income ETF by 0.5% in the fourth quarter. Consolidated Planning Corp now owns 33,567 shares of the company’s stock worth $1,931,000 after purchasing an additional 179 shares during the last quarter. Landmark Wealth Management LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 5.1% in the fourth quarter. Landmark Wealth Management LLC now owns 3,833 shares of the company’s stock worth $221,000 after purchasing an additional 185 shares during the last quarter. Aviance Capital Partners LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 1.1% in the third quarter. Aviance Capital Partners LLC now owns 17,314 shares of the company’s stock worth $1,030,000 after purchasing an additional 194 shares during the last quarter. Fortis Advisors LLC grew its position in JPMorgan Equity Premium Income ETF by 2.0% during the fourth quarter. Fortis Advisors LLC now owns 10,054 shares of the company’s stock valued at $578,000 after acquiring an additional 196 shares during the last quarter. Finally, Smith Thornton Advisors LLC grew its position in JPMorgan Equity Premium Income ETF by 4.2% during the third quarter. Smith Thornton Advisors LLC now owns 4,956 shares of the company’s stock valued at $295,000 after acquiring an additional 200 shares during the last quarter.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $57.97 on Wednesday. JPMorgan Equity Premium Income ETF has a one year low of $54.77 and a one year high of $60.88. The firm’s 50 day simple moving average is $58.63 and its two-hundred day simple moving average is $58.98. The stock has a market capitalization of $38.75 billion, a P/E ratio of 25.75 and a beta of 0.61.

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.