ADG Wealth Management Group LLC Purchases Shares of 163,039 JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

ADG Wealth Management Group LLC purchased a new stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the 4th quarter, HoldingsChannel reports. The fund purchased 163,039 shares of the company’s stock, valued at approximately $9,380,000. JPMorgan Equity Premium Income ETF makes up about 8.3% of ADG Wealth Management Group LLC’s holdings, making the stock its 4th largest holding.

Several other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of JPMorgan Equity Premium Income ETF by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock valued at $1,332,380,000 after purchasing an additional 3,536,406 shares during the last quarter. Strategic Financial Concepts LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 4,498.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,301,762 shares of the company’s stock valued at $74,890,000 after purchasing an additional 1,273,452 shares during the last quarter. Eaton Financial Holdings Company LLC purchased a new position in shares of JPMorgan Equity Premium Income ETF in the 3rd quarter valued at approximately $51,202,000. World Investment Advisors LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 748.5% in the 3rd quarter. World Investment Advisors LLC now owns 806,099 shares of the company’s stock valued at $47,971,000 after purchasing an additional 711,094 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of JPMorgan Equity Premium Income ETF by 28.0% in the 3rd quarter. LPL Financial LLC now owns 1,900,243 shares of the company’s stock valued at $113,083,000 after purchasing an additional 416,013 shares during the last quarter.

JPMorgan Equity Premium Income ETF Stock Up 1.2 %

Shares of JPMorgan Equity Premium Income ETF stock opened at $59.41 on Friday. JPMorgan Equity Premium Income ETF has a 52 week low of $54.77 and a 52 week high of $60.88. The company has a 50 day moving average price of $58.64 and a 200 day moving average price of $58.94. The firm has a market capitalization of $39.71 billion, a P/E ratio of 25.75 and a beta of 0.61.

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.