Arden Trust Co Increases Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Arden Trust Co increased its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.4% in the second quarter, Holdings Channel.com reports. The fund owned 4,261 shares of the company’s stock after purchasing an additional 293 shares during the period. Arden Trust Co’s holdings in JPMorgan Equity Premium Income ETF were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of JEPI. Venture Visionary Partners LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF during the fourth quarter valued at about $884,000. Stratos Wealth Partners LTD. increased its stake in JPMorgan Equity Premium Income ETF by 74.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 35,430 shares of the company’s stock worth $1,948,000 after acquiring an additional 15,068 shares during the last quarter. Tritonpoint Wealth LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth approximately $497,000. Meeder Advisory Services Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 4.4% during the 4th quarter. Meeder Advisory Services Inc. now owns 52,192 shares of the company’s stock valued at $2,870,000 after acquiring an additional 2,191 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its holdings in shares of JPMorgan Equity Premium Income ETF by 1.4% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 23,002 shares of the company’s stock valued at $1,266,000 after purchasing an additional 311 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.4 %

JPMorgan Equity Premium Income ETF stock traded down $0.24 during mid-day trading on Wednesday, reaching $55.28. 3,305,882 shares of the company’s stock traded hands, compared to its average volume of 3,323,771. JPMorgan Equity Premium Income ETF has a 12-month low of $51.38 and a 12-month high of $57.94. The company has a market cap of $32.44 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. The stock has a 50 day moving average of $56.54 and a two-hundred day moving average of $56.60.

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.