Global Wealth Management Investment Advisory Inc. Grows Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 302,460 shares of the company’s stock after buying an additional 14,615 shares during the period. JPMorgan Equity Premium Income ETF makes up about 3.6% of Global Wealth Management Investment Advisory Inc.’s investment portfolio, making the stock its 3rd largest holding. Global Wealth Management Investment Advisory Inc. owned about 0.05% of JPMorgan Equity Premium Income ETF worth $17,401,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF during the third quarter valued at approximately $25,000. Ulland Investment Advisors LLC bought a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at $31,000. Running Point Capital Advisors LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 131.2% during the 3rd quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock valued at $38,000 after purchasing an additional 362 shares during the period. Missouri Trust & Investment Co raised its stake in shares of JPMorgan Equity Premium Income ETF by 737.2% in the 4th quarter. Missouri Trust & Investment Co now owns 720 shares of the company’s stock worth $41,000 after buying an additional 634 shares in the last quarter. Finally, Brown Lisle Cummings Inc. lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 48.0% in the third quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock valued at $47,000 after buying an additional 255 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of JEPI opened at $58.79 on Monday. The firm’s 50 day moving average is $58.68 and its 200-day moving average is $58.67. JPMorgan Equity Premium Income ETF has a 12-month low of $54.77 and a 12-month high of $60.88. The stock has a market capitalization of $34.50 billion, a P/E ratio of 24.40 and a beta of 0.53.

JPMorgan Equity Premium Income ETF Company 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.