LongView Wealth Management Makes New $587,000 Investment in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

LongView Wealth Management acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, HoldingsChannel reports. The fund acquired 10,202 shares of the company’s stock, valued at approximately $587,000.

Other hedge funds also recently added to or reduced their stakes in the company. Heritage Wealth Management Inc. purchased a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at $978,000. Citigroup Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 51.8% during the 3rd quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock worth $8,797,000 after acquiring an additional 50,459 shares in the last quarter. Summit Wealth Partners LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 1.3% in the 2nd quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock valued at $4,360,000 after purchasing an additional 957 shares in the last quarter. Horizon Advisory Services Inc. lifted its position in shares of JPMorgan Equity Premium Income ETF by 0.5% during the 2nd quarter. Horizon Advisory Services Inc. now owns 472,229 shares of the company’s stock worth $26,766,000 after purchasing an additional 2,158 shares during the last quarter. Finally, Brown Financial Advisors acquired a new stake in JPMorgan Equity Premium Income ETF in the second quarter valued at $3,263,000.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $58.50 on Friday. The stock has a 50-day simple moving average of $59.02 and a 200-day simple moving average of $58.41. The company has a market capitalization of $34.33 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a fifty-two week low of $54.77 and a fifty-two week high of $60.88.

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.