Kennedy Investment Group Purchases 3,550 Shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Kennedy Investment Group grew its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 101,235 shares of the company’s stock after purchasing an additional 3,550 shares during the period. JPMorgan Equity Premium Income ETF comprises approximately 2.6% of Kennedy Investment Group’s portfolio, making the stock its 8th biggest position. Kennedy Investment Group’s holdings in JPMorgan Equity Premium Income ETF were worth $5,824,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Heritage Wealth Management Inc. bought a new position in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $978,000. Citigroup Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 51.8% in the third quarter. Citigroup Inc. now owns 147,827 shares of the company’s stock valued at $8,797,000 after purchasing an additional 50,459 shares during the last quarter. Summit Wealth Partners LLC lifted its stake 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 valued at $4,360,000 after purchasing an additional 957 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its stake in JPMorgan Equity Premium Income ETF by 106.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 57,886 shares of the company’s stock valued at $3,281,000 after purchasing an additional 29,879 shares during the last quarter. Finally, Brown Financial Advisors purchased a new position in JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $3,263,000.

JPMorgan Equity Premium Income ETF Price Performance

NYSEARCA:JEPI opened at $58.98 on Wednesday. The company has a market cap of $34.61 billion, a P/E ratio of 24.40 and a beta of 0.53. The stock’s fifty day moving average price is $58.91 and its two-hundred day moving average price is $58.57. JPMorgan Equity Premium Income ETF has a 1 year low of $54.77 and a 1 year high of $60.88.

JPMorgan Equity Premium Income ETF Company 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.