Smith Moore & CO. Has $3.69 Million Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Smith Moore & CO. raised its stake in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,053 shares of the company’s stock after buying an additional 1,541 shares during the quarter. Smith Moore & CO.’s holdings in JPMorgan Equity Premium Income ETF were worth $3,685,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JEPI. Bank of Jackson Hole Trust acquired a new position in shares of JPMorgan Equity Premium Income ETF in the fourth quarter worth $28,000. Duncker Streett & Co. Inc. purchased a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter worth about $28,000. Ulland Investment Advisors LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $31,000. Creative Capital Management Investments LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter valued at approximately $32,000. Finally, Crowley Wealth Management Inc. acquired a new position in JPMorgan Equity Premium Income ETF in the fourth quarter worth approximately $32,000.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of JEPI opened at $55.21 on Friday. The firm has a market cap of $38.11 billion, a PE ratio of 24.88 and a beta of 0.61. JPMorgan Equity Premium Income ETF has a twelve month low of $54.08 and a twelve month high of $60.88. The firm’s 50 day moving average price is $58.23 and its 200 day moving average price is $58.81.

About JPMorgan Equity Premium Income ETF

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.