True North Advisors LLC Makes New $1.46 Million Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

True North Advisors LLC purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 25,353 shares of the company’s stock, valued at approximately $1,459,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Traynor Capital Management Inc. increased its stake in JPMorgan Equity Premium Income ETF by 4.1% during the fourth quarter. Traynor Capital Management Inc. now owns 91,343 shares of the company’s stock worth $5,255,000 after acquiring an additional 3,626 shares during the last quarter. Independent Wealth Network Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 16.9% in the 4th quarter. Independent Wealth Network Inc. now owns 36,302 shares of the company’s stock valued at $2,088,000 after buying an additional 5,248 shares during the period. Evolution Wealth Advisors LLC lifted its position in JPMorgan Equity Premium Income ETF by 15.8% in the fourth quarter. Evolution Wealth Advisors LLC now owns 63,168 shares of the company’s stock valued at $3,634,000 after buying an additional 8,631 shares during the last quarter. Marino Stram & Associates LLC boosted its stake in JPMorgan Equity Premium Income ETF by 5.2% during the fourth quarter. Marino Stram & Associates LLC now owns 42,498 shares of the company’s stock worth $2,445,000 after buying an additional 2,108 shares during the period. Finally, Global Trust Asset Management LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 46.8% during the fourth quarter. Global Trust Asset Management LLC now owns 2,448 shares of the company’s stock valued at $141,000 after acquiring an additional 780 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $58.87 on Thursday. JPMorgan Equity Premium Income ETF has a fifty-two week low of $54.77 and a fifty-two week high of $60.88. The company has a 50 day moving average price of $58.94 and a 200 day moving average price of $58.47. The stock has a market capitalization of $34.55 billion, a P/E 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.