Penney Financial LLC Raises Stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Penney Financial LLC lifted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 0.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 78,822 shares of the company’s stock after buying an additional 386 shares during the quarter. JPMorgan Equity Premium Income ETF comprises about 3.2% of Penney Financial LLC’s investment portfolio, making the stock its 8th biggest position. Penney Financial LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,691,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Salomon & Ludwin LLC bought a new stake in JPMorgan Equity Premium Income ETF in the 3rd quarter valued at $25,000. HHM Wealth Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the second quarter worth $28,000. Running Point Capital Advisors LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 131.2% in the third quarter. Running Point Capital Advisors LLC now owns 638 shares of the company’s stock valued at $38,000 after acquiring an additional 362 shares during the period. Brown Lisle Cummings Inc. grew its stake in shares of JPMorgan Equity Premium Income ETF by 48.0% in the third quarter. Brown Lisle Cummings Inc. now owns 786 shares of the company’s stock valued at $47,000 after acquiring an additional 255 shares in the last quarter. Finally, Pathway Financial Advisers LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the third quarter valued at about $49,000.

JPMorgan Equity Premium Income ETF Stock Down 0.9 %

Shares of JPMorgan Equity Premium Income ETF stock opened at $57.96 on Tuesday. The company has a 50-day simple moving average of $59.46 and a two-hundred day simple moving average of $58.30. JPMorgan Equity Premium Income ETF has a twelve month low of $54.62 and a twelve month high of $60.88. The stock has a market capitalization of $34.01 billion, a price-to-earnings 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.