Spinnaker Investment Group LLC Has $1.32 Million Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Spinnaker Investment Group LLC boosted its position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 15.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,926 shares of the company’s stock after buying an additional 3,148 shares during the quarter. JPMorgan Equity Premium Income ETF makes up about 0.3% of Spinnaker Investment Group LLC’s holdings, making the stock its 26th biggest position. Spinnaker Investment Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,319,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of JEPI. Heritage Wealth Management Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter worth about $978,000. Citigroup Inc. increased its position in JPMorgan Equity Premium Income ETF by 51.8% in the 3rd quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock worth $8,797,000 after buying an additional 50,459 shares during the period. Summit Wealth Partners LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 1.3% during the second quarter. Summit Wealth Partners LLC now owns 76,928 shares of the company’s stock worth $4,360,000 after buying an additional 957 shares during the last quarter. Horizon Advisory Services Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 0.5% in the second quarter. Horizon Advisory Services Inc. now owns 472,229 shares of the company’s stock valued at $26,766,000 after acquiring an additional 2,158 shares during the period. Finally, Brown Financial Advisors acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter worth $3,263,000.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $59.14 on Friday. JPMorgan Equity Premium Income ETF has a one year low of $54.77 and a one year high of $60.88. The company has a fifty day moving average price of $58.93 and a 200 day moving average price of $58.48. The stock has a market cap of $34.71 billion, a P/E ratio of 24.40 and a beta of 0.53.

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.