JPMorgan Equity Premium Income ETF $JEPI Stake Raised by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. boosted its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 25.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 61,214 shares of the company’s stock after acquiring an additional 12,331 shares during the period. JPMorgan Equity Premium Income ETF makes up approximately 2.8% of M.E. Allison & CO. Inc.’s portfolio, making the stock its 5th largest position. M.E. Allison & CO. Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $3,480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pegasus Asset Management Inc. purchased a new stake in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $468,000. MGO One Seven LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 4.9% during the 2nd quarter. MGO One Seven LLC now owns 324,090 shares of the company’s stock worth $18,424,000 after purchasing an additional 15,007 shares during the period. Cypress Capital Group purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 2nd quarter worth $307,000. Retirement Planning Group LLC NY lifted its stake in shares of JPMorgan Equity Premium Income ETF by 18.5% during the 2nd quarter. Retirement Planning Group LLC NY now owns 172,465 shares of the company’s stock worth $9,805,000 after purchasing an additional 26,876 shares during the period. Finally, Alpha Financial Partners LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 29.9% during the 2nd quarter. Alpha Financial Partners LLC now owns 20,273 shares of the company’s stock worth $1,153,000 after purchasing an additional 4,663 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 1.3%

Shares of JPMorgan Equity Premium Income ETF stock opened at $56.00 on Monday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $49.94 and a fifty-two week high of $60.88. The firm has a market cap of $40.52 billion, a PE ratio of 23.93 and a beta of 0.62. The business’s fifty day moving average is $56.77 and its two-hundred day moving average is $56.10.

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.