JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) Stock Position Lifted by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. lifted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.5% during the third quarter, Holdings Channel reports. The institutional investor owned 287,845 shares of the company’s stock after buying an additional 12,293 shares during the quarter. JPMorgan Equity Premium Income ETF comprises approximately 3.7% of Global Wealth Management Investment Advisory Inc.’s investment portfolio, making the stock its 3rd largest holding. Global Wealth Management Investment Advisory Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $17,130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its stake in JPMorgan Equity Premium Income ETF by 100.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 11,456 shares of the company’s stock valued at $663,000 after acquiring an additional 5,731 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in JPMorgan Equity Premium Income ETF by 105.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 716 shares of the company’s stock worth $41,000 after acquiring an additional 367 shares during the period. Wellington Shields & Co. LLC raised its position in JPMorgan Equity Premium Income ETF by 150.0% during the first quarter. Wellington Shields & Co. LLC now owns 2,500 shares of the company’s stock worth $145,000 after acquiring an additional 1,500 shares during the period. Larson Financial Group LLC raised its position in JPMorgan Equity Premium Income ETF by 129.8% during the first quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock worth $32,000 after acquiring an additional 314 shares during the period. Finally, STAR Financial Bank raised its position in JPMorgan Equity Premium Income ETF by 3.9% during the first quarter. STAR Financial Bank now owns 26,244 shares of the company’s stock worth $1,518,000 after acquiring an additional 980 shares during the period.

JPMorgan Equity Premium Income ETF Trading Up 0.2 %

NYSEARCA:JEPI traded up $0.11 during trading hours on Tuesday, reaching $58.54. 463,269 shares of the company were exchanged, compared to its average volume of 3,114,589. The stock’s 50-day moving average is $58.98 and its 200-day moving average is $57.46. The firm has a market cap of $34.35 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a twelve month low of $53.33 and a twelve month 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.