Essex Savings Bank Purchases Shares of 3,809 JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Essex Savings Bank purchased a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,809 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds have also recently modified their holdings of the stock. Salomon & Ludwin LLC acquired a new position in JPMorgan Equity Premium Income ETF during the 3rd quarter valued at approximately $25,000. Running Point Capital Advisors LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 131.2% in the 3rd quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock valued at $38,000 after acquiring an additional 362 shares during the period. Brown Lisle Cummings Inc. raised its stake in JPMorgan Equity Premium Income ETF by 48.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock worth $47,000 after acquiring an additional 255 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $49,000. Finally, Abound Wealth Management increased its holdings in shares of JPMorgan Equity Premium Income ETF by 1,320.8% in the fourth quarter. Abound Wealth Management now owns 1,094 shares of the company’s stock valued at $63,000 after purchasing an additional 1,017 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $58.25 on Friday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $54.72 and a fifty-two week high of $60.88. The firm has a market capitalization of $34.18 billion, a PE ratio of 24.40 and a beta of 0.53. The stock’s 50-day simple moving average is $59.07 and its 200-day simple moving average is $58.39.

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.