Summit Financial Wealth Advisors LLC Buys 19,987 Shares of JPMorgan Equity Premium Income ETF $JEPI

Summit Financial Wealth Advisors LLC bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 19,987 shares of the company’s stock, valued at approximately $1,124,000.

Several other large investors have also recently added to or reduced their stakes in JEPI. Orgel Wealth Management LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 7.0% during the 3rd quarter. Orgel Wealth Management LLC now owns 25,907 shares of the company’s stock valued at $1,456,000 after acquiring an additional 1,698 shares during the last quarter. B.A. Schrock Wealth Management Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $6,926,000. Ashurst Perkins Coie Trust Co boosted its position in shares of JPMorgan Equity Premium Income ETF by 1.7% in the third quarter. Ashurst Perkins Coie Trust Co now owns 190,470 shares of the company’s stock worth $10,708,000 after acquiring an additional 3,103 shares during the last quarter. Weil Company Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter worth approximately $263,000. Finally, Columbus Macro LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 7.0% in the third quarter. Columbus Macro LLC now owns 335,079 shares of the company’s stock worth $18,838,000 after acquiring an additional 21,910 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock traded up $0.26 during trading on Thursday, reaching $57.12. The company had a trading volume of 2,861,455 shares, compared to its average volume of 5,126,589. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The stock’s 50 day moving average price is $57.05 and its two-hundred day moving average price is $56.73. The firm has a market capitalization of $45.88 billion, a price-to-earnings ratio of 23.93 and a beta of 0.53.

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. JEPI was launched on May 20, 2020 and is managed by JPMorgan.