JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Position Boosted by Iron Horse Wealth Management LLC

Iron Horse Wealth Management LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 284,596 shares of the company’s stock after buying an additional 15,333 shares during the period. JPMorgan Equity Premium Income ETF comprises 5.5% of Iron Horse Wealth Management LLC’s holdings, making the stock its 9th biggest position. Iron Horse Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $16,373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Citigroup Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 51.8% during the third quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock valued at $8,797,000 after purchasing an additional 50,459 shares in the last quarter. Accurate Wealth Management LLC purchased a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at approximately $215,000. Whittier Trust Co. bought a new stake in JPMorgan Equity Premium Income ETF in the 3rd quarter worth approximately $108,000. Creative Planning raised its holdings in shares of JPMorgan Equity Premium Income ETF by 44.6% during the 3rd quarter. Creative Planning now owns 139,002 shares of the company’s stock worth $8,272,000 after acquiring an additional 42,854 shares in the last quarter. Finally, Cornerstone Wealth Group LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 1.7% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 75,109 shares of the company’s stock worth $4,470,000 after acquiring an additional 1,235 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI stock opened at $59.04 on Friday. The firm has a fifty day moving average price of $58.72 and a 200 day moving average price of $58.63. JPMorgan Equity Premium Income ETF has a fifty-two week low of $54.77 and a fifty-two week high of $60.88. The firm has a market cap of $34.65 billion, a PE ratio of 24.40 and a beta of 0.53.

JPMorgan Equity Premium Income ETF 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.