Ellis Investment Partners LLC Has $8.78 Million Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Ellis Investment Partners LLC boosted its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 11.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,655 shares of the company’s stock after buying an additional 15,058 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 1.9% of Ellis Investment Partners LLC’s investment portfolio, making the stock its 12th largest position. Ellis Investment Partners LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $8,775,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Perritt Capital Management Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 44.4% in the 3rd quarter. Perritt Capital Management Inc. now owns 650 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the last quarter. Burkett Financial Services LLC bought a new position in JPMorgan Equity Premium Income ETF during the 1st quarter worth approximately $35,000. Capital Advisors Ltd. LLC raised its holdings in JPMorgan Equity Premium Income ETF by 79.3% during the 4th quarter. Capital Advisors Ltd. LLC now owns 658 shares of the company’s stock worth $36,000 after purchasing an additional 291 shares during the last quarter. BOK Financial Private Wealth Inc. raised its holdings in JPMorgan Equity Premium Income ETF by 400.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 750 shares of the company’s stock worth $42,000 after purchasing an additional 600 shares during the last quarter. Finally, Roble Belko & Company Inc bought a new position in JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $42,000.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $56.71 on Thursday. The firm has a market cap of $33.28 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52-week low of $51.38 and a 52-week high of $57.94. The firm has a 50 day moving average price of $56.54 and a two-hundred day moving average price of $56.29.

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.