Summit Wealth & Retirement Planning Inc. Invests $231,000 in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Summit Wealth & Retirement Planning Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the third quarter, Holdings Channel.com reports. The fund bought 3,878 shares of the company’s stock, valued at approximately $231,000.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Equity Premium Income ETF by 3.8% in the first quarter. JPMorgan Chase & Co. now owns 22,032,620 shares of the company’s stock valued at $1,274,807,000 after acquiring an additional 815,598 shares in the last quarter. Envestnet Asset Management Inc. increased its position in JPMorgan Equity Premium Income ETF by 8.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,104,167 shares of the company’s stock valued at $402,664,000 after purchasing an additional 539,682 shares during the period. Cetera Investment Advisers raised its holdings in shares of JPMorgan Equity Premium Income ETF by 1.3% in the 2nd quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock valued at $237,377,000 after purchasing an additional 52,301 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of JPMorgan Equity Premium Income ETF by 8.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock worth $218,105,000 after purchasing an additional 285,180 shares during the period. Finally, RiverFront Investment Group LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF by 5.9% during the second quarter. RiverFront Investment Group LLC now owns 3,005,845 shares of the company’s stock valued at $170,371,000 after purchasing an additional 166,821 shares in the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.6 %

Shares of NYSEARCA:JEPI opened at $60.03 on Friday. The company has a market capitalization of $35.23 billion, a PE ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 12-month low of $53.33 and a 12-month high of $60.10. The business’s fifty day simple moving average is $59.06 and its 200-day simple moving average is $57.57.

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.