Valmark Advisers Inc. Purchases 81,698 Shares of JPMorgan Equity Premium Income ETF $JEPI

Valmark Advisers Inc. raised its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 130.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,439 shares of the company’s stock after buying an additional 81,698 shares during the quarter. Valmark Advisers Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $8,187,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Walled Lake Planning & Wealth Management LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 2.7% in the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 6,449 shares of the company’s stock worth $369,000 after acquiring an additional 171 shares in the last quarter. Wealth Effects LLC lifted its position in JPMorgan Equity Premium Income ETF by 0.6% during the 4th quarter. Wealth Effects LLC now owns 31,606 shares of the company’s stock valued at $1,809,000 after acquiring an additional 173 shares during the period. WESPAC Advisors SoCal LLC boosted its stake in JPMorgan Equity Premium Income ETF by 4.3% during the fourth quarter. WESPAC Advisors SoCal LLC now owns 4,178 shares of the company’s stock worth $239,000 after acquiring an additional 174 shares in the last quarter. Aspen Wealth Strategies LLC boosted its stake in JPMorgan Equity Premium Income ETF by 4.5% during the fourth quarter. Aspen Wealth Strategies LLC now owns 4,044 shares of the company’s stock worth $231,000 after acquiring an additional 174 shares in the last quarter. Finally, Morey & Quinn Wealth Partners LLC grew its holdings in JPMorgan Equity Premium Income ETF by 4.9% in the fourth quarter. Morey & Quinn Wealth Partners LLC now owns 3,722 shares of the company’s stock worth $213,000 after purchasing an additional 175 shares during the period.

JPMorgan Equity Premium Income ETF Stock Up 0.2%

Shares of JEPI stock traded up $0.13 during trading hours on Friday, hitting $56.76. 3,315,346 shares of the company’s stock traded hands, compared to its average volume of 5,517,202. The stock’s fifty day simple moving average is $56.15 and its two-hundred day simple moving average is $57.32. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The stock has a market cap of $45.17 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54.

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.