Modern Wealth Management LLC Acquires Shares of 97,664 JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Modern Wealth Management LLC bought a new position in 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 bought 97,664 shares of the company’s stock, valued at approximately $5,771,000.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $322,301,000. JPMorgan Chase & Co. increased its stake in JPMorgan Equity Premium Income ETF by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after acquiring an additional 3,536,406 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 4,498.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,301,762 shares of the company’s stock worth $74,890,000 after purchasing an additional 1,273,452 shares in the last quarter. Eaton Financial Holdings Company LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at $51,202,000. Finally, World Investment Advisors LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 748.5% during the third quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock valued at $47,971,000 after purchasing an additional 711,094 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI opened at $57.79 on Tuesday. The stock’s 50-day moving average is $58.47 and its 200 day moving average is $58.89. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88. The company has a market cap of $39.51 billion, a PE ratio of 24.79 and a beta of 0.61.

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.