Hedeker Wealth LLC Has $8.78 Million Stock Holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Hedeker Wealth LLC raised its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 0.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 152,652 shares of the company’s stock after purchasing an additional 557 shares during the period. JPMorgan Equity Premium Income ETF makes up 2.2% of Hedeker Wealth LLC’s portfolio, making the stock its 11th biggest holding. Hedeker Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $8,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of JPMorgan Equity Premium Income ETF by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after purchasing an additional 3,536,406 shares during the period. Eaton Financial Holdings Company LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter worth $51,202,000. World Investment Advisors LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 748.5% in the third quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock worth $47,971,000 after purchasing an additional 711,094 shares during the period. Marks Wealth LLC bought a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter worth $29,284,000. Finally, LPL Financial LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 28.0% in the third quarter. LPL Financial LLC now owns 1,900,243 shares of the company’s stock worth $113,083,000 after purchasing an additional 416,013 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA JEPI opened at $59.04 on Friday. JPMorgan Equity Premium Income ETF has a 52 week low of $54.77 and a 52 week high of $60.88. The stock has a market capitalization of $34.65 billion, a P/E ratio of 24.40 and a beta of 0.53. The stock’s fifty day moving average is $58.72 and its 200 day moving average is $58.63.

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.