Arkadios Wealth Advisors Acquires 3,680 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Arkadios Wealth Advisors grew its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 14.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 29,692 shares of the company’s stock after purchasing an additional 3,680 shares during the quarter. Arkadios Wealth Advisors’ holdings in JPMorgan Equity Premium Income ETF were worth $1,767,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of JEPI. Raymond James & Associates lifted its stake in 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 purchasing an additional 439,155 shares in the last quarter. Fiduciary Alliance LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF in the first quarter worth about $202,000. Marshall Financial Group LLC boosted its stake in JPMorgan Equity Premium Income ETF by 132.0% during the second quarter. Marshall Financial Group LLC now owns 110,766 shares of the company’s stock valued at $6,278,000 after buying an additional 63,018 shares during the last quarter. Aviance Capital Partners LLC grew its holdings in JPMorgan Equity Premium Income ETF by 5.4% during the 1st quarter. Aviance Capital Partners LLC now owns 16,100 shares of the company’s stock valued at $932,000 after buying an additional 826 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in JPMorgan Equity Premium Income ETF by 39.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,980 shares of the company’s stock worth $906,000 after acquiring an additional 4,524 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $59.23 on Friday. The stock has a 50 day moving average price of $58.87 and a 200-day moving average price of $57.35. JPMorgan Equity Premium Income ETF has a one year low of $51.38 and a one year high of $59.97. The company has a market capitalization of $34.76 billion, a P/E ratio of 24.40 and a beta of 0.53.

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.