LJI Wealth Management LLC Has $1.77 Million Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

LJI Wealth Management LLC raised its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 10.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 31,261 shares of the company’s stock after purchasing an additional 2,843 shares during the quarter. LJI Wealth Management LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $1,772,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in JEPI. Asset Allocation Strategies LLC lifted its holdings in JPMorgan Equity Premium Income ETF by 3.6% in the fourth quarter. Asset Allocation Strategies LLC now owns 7,245 shares of the company’s stock valued at $398,000 after buying an additional 253 shares during the period. Global Trust Asset Management LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 146.8% during the 1st quarter. Global Trust Asset Management LLC now owns 1,513 shares of the company’s stock valued at $88,000 after purchasing an additional 900 shares in the last quarter. Mosley Wealth Management acquired a new stake in JPMorgan Equity Premium Income ETF during the fourth quarter worth approximately $578,000. Optimum Investment Advisors grew its stake in JPMorgan Equity Premium Income ETF by 331.3% during the first quarter. Optimum Investment Advisors now owns 1,294 shares of the company’s stock worth $75,000 after purchasing an additional 994 shares during the period. Finally, Napa Wealth Management bought a new stake in JPMorgan Equity Premium Income ETF in the fourth quarter worth approximately $1,254,000.

JPMorgan Equity Premium Income ETF Stock Performance

JPMorgan Equity Premium Income ETF stock opened at $58.83 on Thursday. The stock has a market capitalization of $34.52 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a 52-week low of $51.38 and a 52-week high of $59.26. The stock’s 50 day moving average price is $57.40 and its two-hundred day moving average price is $56.94.

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.