Summit Financial Wealth Advisors LLC Grows Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Summit Financial Wealth Advisors LLC boosted its stake in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 13.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,829 shares of the company’s stock after acquiring an additional 9,369 shares during the period. JPMorgan Equity Premium Income ETF accounts for 1.0% of Summit Financial Wealth Advisors LLC’s portfolio, making the stock its 27th largest holding. Summit Financial Wealth Advisors LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,733,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Foundation Advisors lifted its position in shares of JPMorgan Equity Premium Income ETF by 10.5% in the fourth quarter. First Foundation Advisors now owns 1,596,402 shares of the company’s stock worth $91,841,000 after buying an additional 151,673 shares in the last quarter. FRG Family Wealth Advisors LLC grew its holdings in shares of JPMorgan Equity Premium Income ETF by 9.1% in the fourth quarter. FRG Family Wealth Advisors LLC now owns 95,387 shares of the company’s stock valued at $5,488,000 after purchasing an additional 7,966 shares in the last quarter. F M Investments LLC increased its position in JPMorgan Equity Premium Income ETF by 1,289.5% in the fourth quarter. F M Investments LLC now owns 205,580 shares of the company’s stock worth $11,827,000 after purchasing an additional 190,785 shares during the last quarter. Mountain Capital Investment Advisors Inc. lifted its position in JPMorgan Equity Premium Income ETF by 21.2% during the fourth quarter. Mountain Capital Investment Advisors Inc. now owns 197,288 shares of the company’s stock valued at $11,541,000 after purchasing an additional 34,544 shares during the last quarter. Finally, Bessemer Group Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 4th quarter worth about $11,778,000.

JPMorgan Equity Premium Income ETF Trading Down 2.1 %

Shares of NYSEARCA:JEPI traded down $1.13 during trading on Thursday, reaching $53.67. The company’s stock had a trading volume of 1,322,325 shares, compared to its average volume of 3,492,479. The firm’s 50 day simple moving average is $57.46 and its two-hundred day simple moving average is $58.54. JPMorgan Equity Premium Income ETF has a 12 month low of $49.94 and a 12 month high of $60.88. The stock has a market capitalization of $37.05 billion, a PE ratio of 24.88 and a beta of 0.61.

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.