Sagespring Wealth Partners LLC Invests $7.03 Million in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Sagespring Wealth Partners LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 122,128 shares of the company’s stock, valued at approximately $7,026,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Consolidated Planning Corp lifted its position in shares of JPMorgan Equity Premium Income ETF by 0.5% in the 4th 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 period. Landmark Wealth Management LLC raised its stake in 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 buying an additional 185 shares in the last quarter. Fortis Advisors LLC lifted its holdings 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 worth $578,000 after buying an additional 196 shares during the period. Beam Wealth Advisors Inc. boosted its position in JPMorgan Equity Premium Income ETF by 0.4% during the 4th quarter. Beam Wealth Advisors Inc. now owns 51,249 shares of the company’s stock valued at $2,948,000 after acquiring an additional 196 shares in the last quarter. Finally, Texas Yale Capital Corp. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 4.6% in the 4th quarter. Texas Yale Capital Corp. now owns 4,550 shares of the company’s stock valued at $262,000 after acquiring an additional 200 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 1.0 %

JEPI opened at $53.98 on Friday. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $60.88. The stock has a fifty day moving average price of $57.26 and a 200-day moving average price of $58.46. The firm has a market cap of $37.26 billion, a price-to-earnings ratio of 24.88 and a beta of 0.61.

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.