Tradition Wealth Management LLC Raises Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Tradition Wealth Management LLC grew its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 321,819 shares of the company’s stock after purchasing an additional 26,431 shares during the period. JPMorgan Equity Premium Income ETF makes up about 1.6% of Tradition Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. Tradition Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $18,514,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter valued at $322,301,000. JPMorgan Chase & Co. increased its position in shares of JPMorgan Equity Premium Income ETF by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after purchasing an additional 3,536,406 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of JPMorgan Equity Premium Income ETF by 16.4% in the 4th quarter. Wells Fargo & Company MN now owns 14,555,046 shares of the company’s stock valued at $837,352,000 after purchasing an additional 2,051,299 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in shares of JPMorgan Equity Premium Income ETF by 4,498.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,301,762 shares of the company’s stock valued at $74,890,000 after purchasing an additional 1,273,452 shares in the last quarter. Finally, Eaton Financial Holdings Company LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the third quarter worth about $51,202,000.

JPMorgan Equity Premium Income ETF Trading Up 0.3 %

Shares of JEPI opened at $53.76 on Friday. The firm has a market cap of $37.11 billion, a price-to-earnings ratio of 24.88 and a beta of 0.61. JPMorgan Equity Premium Income ETF has a 52 week low of $49.94 and a 52 week high of $60.88. The stock has a 50 day moving average of $56.77 and a 200-day moving average of $58.28.

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.