Lake Street Private Wealth LLC Boosts Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Lake Street Private Wealth LLC lifted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 9.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,526 shares of the company’s stock after purchasing an additional 11,640 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for about 1.1% of Lake Street Private Wealth LLC’s holdings, making the stock its 17th largest holding. Lake Street Private Wealth LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $7,899,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Burkett Financial Services LLC purchased a new stake in JPMorgan Equity Premium Income ETF during the 1st quarter valued at about $35,000. Capital Advisors Ltd. LLC boosted 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 valued at $36,000 after acquiring an additional 291 shares during the period. Morris Financial Concepts Inc. boosted its holdings in JPMorgan Equity Premium Income ETF by 114.1% during the 1st quarter. Morris Financial Concepts Inc. now owns 621 shares of the company’s stock valued at $36,000 after acquiring an additional 331 shares during the period. BOK Financial Private Wealth Inc. raised its position 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 valued at $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 valued at approximately $42,000.

JPMorgan Equity Premium Income ETF Price Performance

JEPI traded down $0.05 during midday trading on Wednesday, reaching $56.15. 2,345,786 shares of the company’s stock traded hands, compared to its average volume of 3,278,742. The firm has a fifty day moving average of $56.58 and a two-hundred day moving average of $56.34. The stock has a market capitalization of $32.95 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.

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.