Traynor Capital Management Inc. Has $5.26 Million Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Traynor Capital Management Inc. raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,343 shares of the company’s stock after acquiring an additional 3,626 shares during the quarter. Traynor Capital Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $5,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Heritage Wealth Management Inc. bought a new position in JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $978,000. Citigroup Inc. lifted its stake in shares of JPMorgan Equity Premium Income ETF by 51.8% during the third quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock valued at $8,797,000 after acquiring an additional 50,459 shares during the period. Summit Wealth Partners LLC increased its position in JPMorgan Equity Premium Income ETF by 1.3% in the second quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock worth $4,360,000 after purchasing an additional 957 shares during the period. Horizon Advisory Services Inc. lifted its position in JPMorgan Equity Premium Income ETF by 0.5% during the 2nd quarter. Horizon Advisory Services Inc. now owns 472,229 shares of the company’s stock valued at $26,766,000 after purchasing an additional 2,158 shares during the period. Finally, Brown Financial Advisors bought a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $3,263,000.

JPMorgan Equity Premium Income ETF Stock Down 0.1 %

NYSEARCA:JEPI opened at $58.87 on Thursday. JPMorgan Equity Premium Income ETF has a 12-month low of $54.77 and a 12-month high of $60.88. The stock’s fifty day simple moving average is $58.94 and its 200-day simple moving average is $58.47. The firm has a market capitalization of $34.55 billion, a P/E ratio of 24.40 and a beta of 0.53.

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.