46,040 Shares in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Acquired by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. acquired a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 46,040 shares of the company’s stock, valued at approximately $2,649,000. JPMorgan Equity Premium Income ETF accounts for approximately 2.9% of M.E. Allison & CO. Inc.’s investment portfolio, making the stock its 4th largest position.

A number of other hedge funds have also recently made changes to their positions in JEPI. JPMorgan Chase & Co. boosted its position in shares of JPMorgan Equity Premium Income ETF by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after purchasing an additional 3,536,406 shares during the period. Eaton Financial Holdings Company LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 3rd quarter valued at approximately $51,202,000. World Investment Advisors LLC boosted its position in JPMorgan Equity Premium Income ETF by 748.5% in the 3rd quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock valued at $47,971,000 after buying an additional 711,094 shares during the period. Sanctuary Advisors LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at approximately $31,505,000. Finally, Marks Wealth LLC purchased a new position in JPMorgan Equity Premium Income ETF in the 3rd quarter valued at approximately $29,284,000.

JPMorgan Equity Premium Income ETF Stock Up 0.4 %

Shares of JEPI stock opened at $58.50 on Monday. JPMorgan Equity Premium Income ETF has a 52 week low of $54.77 and a 52 week high of $60.88. The stock has a market capitalization of $34.33 billion, a PE ratio of 24.40 and a beta of 0.53. The firm has a 50 day moving average of $59.02 and a two-hundred day moving average of $58.44.

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.