Calton & Associates Inc. Invests $3.65 Million in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Calton & Associates Inc. bought a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, HoldingsChannel.com reports. The fund bought 61,275 shares of the company’s stock, valued at approximately $3,647,000. JPMorgan Equity Premium Income ETF accounts for approximately 1.4% of Calton & Associates Inc.’s investment portfolio, making the stock its 14th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of JEPI. Empirical Asset Management LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 4.0% in the third quarter. Empirical Asset Management LLC now owns 4,675 shares of the company’s stock valued at $278,000 after purchasing an additional 179 shares during the period. Fluent Financial LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 4.2% during the first quarter. Fluent Financial LLC now owns 4,467 shares of the company’s stock worth $258,000 after acquiring an additional 181 shares during the period. FSC Wealth Advisors LLC increased its holdings in shares of JPMorgan Equity Premium Income ETF by 2.9% in the 2nd quarter. FSC Wealth Advisors LLC now owns 6,774 shares of the company’s stock valued at $384,000 after purchasing an additional 188 shares in the last quarter. Hixon Zuercher LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 3.7% in the second quarter. Hixon Zuercher LLC now owns 5,336 shares of the company’s stock valued at $302,000 after buying an additional 190 shares in the last quarter. Finally, Salem Investment Counselors Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 17.5% in the first quarter. Salem Investment Counselors Inc. now owns 1,342 shares of the company’s stock valued at $78,000 after purchasing an additional 200 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Down 0.2 %

Shares of JPMorgan Equity Premium Income ETF stock traded down $0.12 during trading hours on Tuesday, hitting $59.53. The company’s stock had a trading volume of 191,670 shares, compared to its average volume of 3,128,279. The business has a fifty day moving average of $58.63 and a 200 day moving average of $57.27. The company has a market capitalization of $34.93 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 1-year low of $51.38 and a 1-year high of $59.97.

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.