Fairway Financial LLC Takes Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Fairway Financial LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 64,683 shares of the company’s stock, valued at approximately $3,721,000. JPMorgan Equity Premium Income ETF comprises 3.4% of Fairway Financial LLC’s investment portfolio, making the stock its 14th largest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clarity Wealth Advisors LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 0.7% during the 4th quarter. Clarity Wealth Advisors LLC now owns 55,688 shares of the company’s stock valued at $3,204,000 after purchasing an additional 401 shares during the last quarter. Tandem Financial LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth $757,000. Citigroup Inc. raised its stake in JPMorgan Equity Premium Income ETF by 51.8% in the 3rd quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock worth $8,797,000 after acquiring an additional 50,459 shares during the last quarter. Accurate Wealth Management LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 4th quarter worth $215,000. Finally, Whittier Trust Co. purchased a new position in JPMorgan Equity Premium Income ETF in the 3rd quarter worth $108,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI stock opened at $59.71 on Friday. The firm has a market capitalization of $35.04 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The business has a fifty day moving average of $58.57 and a 200 day moving average of $58.80. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88.

JPMorgan Equity Premium Income ETF Company 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.