Napa Wealth Management Takes Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Napa Wealth Management bought a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,945 shares of the company’s stock, valued at approximately $235,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 22.2% in the 2nd quarter. Raymond James & Associates now owns 2,421,638 shares of the company’s stock worth $137,258,000 after acquiring an additional 439,155 shares during the last quarter. Marshall Financial Group LLC lifted its stake in JPMorgan Equity Premium Income ETF by 132.0% in the second quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock worth $6,278,000 after purchasing an additional 63,018 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 39.5% during the second quarter. Sequoia Financial Advisors LLC now owns 15,980 shares of the company’s stock valued at $906,000 after buying an additional 4,524 shares during the period. Heritage Wealth Management Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF during the second quarter valued at approximately $978,000. Finally, Summit Wealth Partners LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 1.3% in the second quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock worth $4,360,000 after buying an additional 957 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI stock opened at $59.43 on Tuesday. The stock has a 50 day moving average price of $59.26 and a 200 day moving average price of $57.74. The firm has a market capitalization of $34.88 billion, a P/E ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52-week low of $54.20 and a 52-week high of $60.20.

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.