Spartan Wealth Advisory Services LLC Invests $1.91 Million in JPMorgan Equity Premium Income ETF $JEPI

Spartan Wealth Advisory Services LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 33,691 shares of the company’s stock, valued at approximately $1,910,000.

Other institutional investors have also added to or reduced their stakes in the company. Crewe Advisors LLC raised its position in JPMorgan Equity Premium Income ETF by 32.9% in the 4th quarter. Crewe Advisors LLC now owns 38,406 shares of the company’s stock valued at $2,198,000 after buying an additional 9,514 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position in JPMorgan Equity Premium Income ETF by 32.7% during the 4th quarter. Capital Investment Advisory Services LLC now owns 225,716 shares of the company’s stock worth $12,920,000 after acquiring an additional 55,610 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its position in JPMorgan Equity Premium Income ETF by 90.4% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 26,937 shares of the company’s stock worth $1,542,000 after acquiring an additional 12,790 shares during the last quarter. Apella Capital LLC grew its stake in shares of JPMorgan Equity Premium Income ETF by 2.8% during the 4th quarter. Apella Capital LLC now owns 347,881 shares of the company’s stock worth $19,913,000 after acquiring an additional 9,499 shares in the last quarter. Finally, Leo Wealth LLC bought a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $757,000.

JPMorgan Equity Premium Income ETF Stock Down 0.8%

NYSEARCA JEPI opened at $56.55 on Friday. JPMorgan Equity Premium Income ETF has a 12-month low of $55.10 and a 12-month high of $59.90. The company has a market capitalization of $45.07 billion, a PE ratio of 23.93 and a beta of 0.54. The firm’s 50 day moving average is $56.16 and its 200-day moving average is $57.28.

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.