M.E. Allison & CO. Inc. Takes $2.65 Million Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

M.E. Allison & CO. Inc. acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 46,040 shares of the company’s stock, valued at approximately $2,649,000. JPMorgan Equity Premium Income ETF makes up 2.9% of M.E. Allison & CO. Inc.’s investment portfolio, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of JEPI. Edgestream Partners L.P. acquired a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter worth $375,000. Benjamin F. Edwards & Company Inc. raised its stake in JPMorgan Equity Premium Income ETF by 14.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 41,666 shares of the company’s stock worth $2,362,000 after acquiring an additional 5,300 shares in the last quarter. Summit Trail Advisors LLC acquired a new stake in JPMorgan Equity Premium Income ETF during the 2nd quarter worth $418,000. Bridgewealth Advisory Group LLC raised its stake in JPMorgan Equity Premium Income ETF by 12.5% during the 2nd quarter. Bridgewealth Advisory Group LLC now owns 129,630 shares of the company’s stock worth $7,347,000 after acquiring an additional 14,384 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in JPMorgan Equity Premium Income ETF by 8.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 106,199 shares of the company’s stock worth $6,104,000 after acquiring an additional 8,409 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

NYSEARCA JEPI opened at $58.50 on Monday. The firm has a market cap of $34.33 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a one year low of $54.77 and a one year high of $60.88. The firm’s fifty day moving average is $59.02 and its two-hundred day moving average is $58.44.

JPMorgan Equity Premium Income ETF 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.