Archer Investment Corp Has $3.82 Million Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Archer Investment Corp raised its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPIFree Report) by 102.5% in the third quarter, Holdings Channel reports. The fund owned 64,130 shares of the company’s stock after buying an additional 32,454 shares during the quarter. JPMorgan Equity Premium Income ETF comprises approximately 1.0% of Archer Investment Corp’s investment portfolio, making the stock its 19th biggest holding. Archer Investment Corp’s holdings in JPMorgan Equity Premium Income ETF were worth $3,816,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in JEPI. Mattern Wealth Management LLC boosted its holdings in shares of JPMorgan Equity Premium Income ETF by 2.2% during the 3rd quarter. Mattern Wealth Management LLC now owns 8,072 shares of the company’s stock worth $480,000 after buying an additional 174 shares during the period. Empirical Asset Management LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF by 4.0% in the third quarter. Empirical Asset Management LLC now owns 4,675 shares of the company’s stock valued at $278,000 after buying an additional 179 shares in the last quarter. FSC Wealth Advisors LLC increased its holdings in JPMorgan Equity Premium Income ETF by 2.9% during the second quarter. FSC Wealth Advisors LLC now owns 6,774 shares of the company’s stock worth $384,000 after buying an additional 188 shares during the last quarter. Hixon Zuercher LLC increased its stake in shares of JPMorgan Equity Premium Income ETF by 3.7% in the second quarter. Hixon Zuercher LLC now owns 5,336 shares of the company’s stock worth $302,000 after purchasing an additional 190 shares in the last quarter. Finally, Hudock Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 4.5% in the third quarter. Hudock Inc. now owns 4,608 shares of the company’s stock valued at $274,000 after acquiring an additional 199 shares during the period.

JPMorgan Equity Premium Income ETF Trading Down 0.3 %

Shares of JEPI traded down $0.17 during mid-day trading on Friday, reaching $59.61. The company’s stock had a trading volume of 270,101 shares, compared to its average volume of 3,125,513. JPMorgan Equity Premium Income ETF has a 52 week low of $54.17 and a 52 week high of $60.20. The company’s fifty day moving average price is $59.20 and its two-hundred day moving average price is $57.66. The stock has a market cap of $34.98 billion, a PE ratio of 24.40 and a beta of 0.53.

JPMorgan Equity Premium Income ETF Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding JEPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Equity Premium Income ETF (NYSEARCA:JEPIFree Report).

Institutional Ownership by Quarter for JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Receive News & Ratings for JPMorgan Equity Premium Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Equity Premium Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.