Midwest Capital Advisors LLC Makes New Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Midwest Capital Advisors LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,205 shares of the company’s stock, valued at approximately $299,000.

A number of other large investors have also recently bought and sold shares of JEPI. Alpha Financial Partners LLC grew its stake in JPMorgan Equity Premium Income ETF by 45.5% during the third quarter. Alpha Financial Partners LLC now owns 59,653 shares of the company’s stock worth $3,550,000 after buying an additional 18,662 shares in the last quarter. Osborne Partners Capital Management LLC grew its stake in JPMorgan Equity Premium Income ETF by 42.1% during the third quarter. Osborne Partners Capital Management LLC now owns 7,040 shares of the company’s stock worth $419,000 after buying an additional 2,085 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 14.1% in the third quarter. Arkadios Wealth Advisors now owns 29,692 shares of the company’s stock worth $1,767,000 after acquiring an additional 3,680 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter worth about $49,000. Finally, Consolidated Portfolio Review Corp bought a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter worth about $211,000.

JPMorgan Equity Premium Income ETF Trading Down 1.0 %

JEPI stock opened at $59.13 on Monday. The stock has a market capitalization of $34.70 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12 month low of $54.77 and a 12 month high of $60.88. The firm has a 50-day moving average price of $58.57 and a 200-day moving average price of $58.88.

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.