PFG Investments LLC Grows Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

PFG Investments LLC boosted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.8% in the 3rd quarter, Holdings Channel reports. The firm owned 92,645 shares of the company’s stock after acquiring an additional 4,249 shares during the quarter. PFG Investments LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $5,513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of JEPI. Courier Capital LLC raised its holdings in shares of JPMorgan Equity Premium Income ETF by 2.3% during the 1st quarter. Courier Capital LLC now owns 10,958 shares of the company’s stock worth $634,000 after acquiring an additional 246 shares during the period. Astoria Portfolio Advisors LLC. grew its stake in shares of JPMorgan Equity Premium Income ETF by 4.6% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 5,089 shares of the company’s stock valued at $283,000 after buying an additional 224 shares during the period. OneAscent Financial Services LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 1st quarter worth approximately $473,000. Independence Bank of Kentucky raised its position in shares of JPMorgan Equity Premium Income ETF by 14.3% during the 1st quarter. Independence Bank of Kentucky now owns 13,290 shares of the company’s stock valued at $769,000 after buying an additional 1,660 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new position in JPMorgan Equity Premium Income ETF in the first quarter valued at approximately $291,000.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA:JEPI traded down $0.16 during midday trading on Friday, reaching $59.23. 2,625,692 shares of the company’s stock were exchanged, compared to its average volume of 3,129,870. JPMorgan Equity Premium Income ETF has a fifty-two week low of $51.38 and a fifty-two week high of $59.97. The stock has a market cap of $34.76 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The firm’s 50 day simple moving average is $58.87 and its two-hundred day simple moving average is $57.35.

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.