Riverchase Wealth Management LLC Purchases New Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Riverchase Wealth Management LLC purchased a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,748 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Orion Portfolio Solutions LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 68.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 269,650 shares of the company’s stock worth $15,513,000 after acquiring an additional 109,290 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of JPMorgan Equity Premium Income ETF by 24.3% in the 4th quarter. Blair William & Co. IL now owns 133,293 shares of the company’s stock valued at $7,668,000 after purchasing an additional 26,045 shares during the last quarter. Ausdal Financial Partners Inc. grew its holdings in JPMorgan Equity Premium Income ETF by 78.1% during the 4th quarter. Ausdal Financial Partners Inc. now owns 59,278 shares of the company’s stock worth $3,410,000 after acquiring an additional 25,998 shares during the period. Financial Counselors Inc. increased its stake in shares of JPMorgan Equity Premium Income ETF by 24.5% in the 4th quarter. Financial Counselors Inc. now owns 279,186 shares of the company’s stock valued at $16,062,000 after acquiring an additional 54,948 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth about $663,000.

JPMorgan Equity Premium Income ETF Trading Down 0.2 %

Shares of NYSEARCA:JEPI opened at $57.38 on Friday. The stock has a market cap of $39.22 billion, a PE ratio of 24.79 and a beta of 0.61. JPMorgan Equity Premium Income ETF has a 1-year low of $54.77 and a 1-year high of $60.88. The stock’s fifty day simple moving average is $58.45 and its two-hundred day simple moving average is $58.87.

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.