Grant Private Wealth Management Inc Buys New Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Grant Private Wealth Management Inc purchased a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 39,536 shares of the company’s stock, valued at approximately $2,275,000. JPMorgan Equity Premium Income ETF accounts for about 2.5% of Grant Private Wealth Management Inc’s investment portfolio, making the stock its 8th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock valued at $1,332,380,000 after purchasing an additional 3,536,406 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter valued at $322,301,000. Commonwealth Equity Services LLC grew its position in JPMorgan Equity Premium Income ETF by 12.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,124,862 shares of the company’s stock valued at $237,303,000 after buying an additional 459,845 shares during the period. HighTower Advisors LLC increased its holdings in JPMorgan Equity Premium Income ETF by 3.0% in the fourth quarter. HighTower Advisors LLC now owns 3,682,072 shares of the company’s stock valued at $211,830,000 after buying an additional 108,546 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 0.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 3,440,098 shares of the company’s stock worth $199,147,000 after acquiring an additional 22,924 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.4 %

NYSEARCA:JEPI opened at $57.00 on Thursday. JPMorgan Equity Premium Income ETF has a 52 week low of $54.77 and a 52 week high of $60.88. The stock’s 50-day moving average price is $58.31 and its 200-day moving average price is $58.83. The stock has a market capitalization of $39.35 billion, a PE ratio of 24.88 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.