Spire Wealth Management Has $6.89 Million Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Spire Wealth Management raised its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,674 shares of the company’s stock after purchasing an additional 6,308 shares during the quarter. Spire Wealth Management’s holdings in JPMorgan Equity Premium Income ETF were worth $6,885,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at about $295,000. Massmutual Trust Co. FSB ADV increased its position in shares of JPMorgan Equity Premium Income ETF by 52.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 12,068 shares of the company’s stock valued at $718,000 after acquiring an additional 4,155 shares during the last quarter. Harbor Investment Advisory LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 38.8% in the third quarter. Harbor Investment Advisory LLC now owns 80,099 shares of the company’s stock valued at $4,767,000 after acquiring an additional 22,390 shares during the last quarter. Halpern Financial Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 10.3% in the third quarter. Halpern Financial Inc. now owns 242,713 shares of the company’s stock valued at $14,366,000 after acquiring an additional 22,643 shares during the last quarter. Finally, Corrigan Financial Inc. increased its position in shares of JPMorgan Equity Premium Income ETF by 1.0% in the third quarter. Corrigan Financial Inc. now owns 450,927 shares of the company’s stock valued at $26,835,000 after acquiring an additional 4,419 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA:JEPI opened at $58.97 on Friday. The stock’s 50-day simple moving average is $58.86 and its 200 day simple moving average is $58.60. The company has a market cap of $34.61 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52-week low of $54.77 and a 52-week high of $60.88.

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.