Uniting Wealth Partners LLC Invests $230,000 in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Uniting Wealth Partners LLC acquired a new stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the fourth quarter, HoldingsChannel reports. The firm acquired 4,000 shares of the company’s stock, valued at approximately $230,000.

Several other hedge funds have also added to or reduced their stakes in JEPI. Consolidated Planning Corp raised its stake in shares of JPMorgan Equity Premium Income ETF by 0.5% during the fourth quarter. Consolidated Planning Corp now owns 33,567 shares of the company’s stock valued at $1,931,000 after acquiring an additional 179 shares during the last quarter. Landmark Wealth Management LLC increased its holdings in JPMorgan Equity Premium Income ETF by 5.1% in the fourth quarter. Landmark Wealth Management LLC now owns 3,833 shares of the company’s stock valued at $221,000 after purchasing an additional 185 shares during the period. Fortis Advisors LLC raised its position in JPMorgan Equity Premium Income ETF by 2.0% during the 4th quarter. Fortis Advisors LLC now owns 10,054 shares of the company’s stock worth $578,000 after purchasing an additional 196 shares during the last quarter. Beam Wealth Advisors Inc. lifted its holdings in JPMorgan Equity Premium Income ETF by 0.4% during the 4th quarter. Beam Wealth Advisors Inc. now owns 51,249 shares of the company’s stock worth $2,948,000 after buying an additional 196 shares during the period. Finally, Lakeridge Wealth Management LLC grew its position in shares of JPMorgan Equity Premium Income ETF by 2.7% in the 4th quarter. Lakeridge Wealth Management LLC now owns 7,850 shares of the company’s stock valued at $452,000 after buying an additional 206 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.4 %

Shares of JEPI stock opened at $57.00 on Thursday. The stock has a 50-day moving average of $58.31 and a 200-day moving average of $58.83. The stock has a market cap of $39.35 billion, a price-to-earnings ratio of 24.88 and a beta of 0.61. 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.