Fortress Financial Solutions LLC Acquires New Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Fortress Financial Solutions LLC bought a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 49,899 shares of the company’s stock, valued at approximately $2,871,000. JPMorgan Equity Premium Income ETF comprises approximately 4.1% of Fortress Financial Solutions LLC’s investment portfolio, making the stock its 7th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JEPI. Salomon & Ludwin LLC acquired a new position in JPMorgan Equity Premium Income ETF during the 3rd quarter worth approximately $25,000. Ulland Investment Advisors LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF during the fourth quarter worth $31,000. Running Point Capital Advisors LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 131.2% during the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock worth $38,000 after buying an additional 362 shares during the last quarter. Missouri Trust & Investment Co increased its holdings in shares of JPMorgan Equity Premium Income ETF by 737.2% during the fourth quarter. Missouri Trust & Investment Co now owns 720 shares of the company’s stock worth $41,000 after buying an additional 634 shares in the last quarter. Finally, Brown Lisle Cummings Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 48.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock valued at $47,000 after acquiring an additional 255 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 0.2 %

NYSEARCA JEPI opened at $59.20 on Wednesday. The company has a market cap of $34.74 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a twelve month low of $54.77 and a twelve month high of $60.88. The business’s fifty day moving average is $58.63 and its 200 day moving average is $58.71.

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.